Saturday, May 12, 2007

2006 Solar Cell Production Output

The global solar cell production output in 2006 is 2500 megawatt with 42% increase from 2005. The biggest producer is Japan: 928 megawatt, followed by Germany 657 megawatt, China 369.5 mega watt, and America 202 megawatt.

China's Yingli Green Energy files for IPO worth up to $350M

The Associated Press Published: May 11, 2007

WASHINGTON: Yingli Green Energy Holding Co. Ltd., a Chinese maker of solar cells, filed Friday for an initial public offering of up to $350 million (€259.53 million) in American Depositary Shares.

The company would become the sixth Chinese solar-power company to be listed in the United States.

The company said it plans to list its ADSs on the New York Stock Exchange under the symbol "YGE."

Details about the number of ADSs to be offered or an estimated price range for the offering weren't disclosed in the company's prospectus filed with the U.S. Securities and Exchange Commission.

The company said it intends to use the net proceeds from the IPO to fund a planned expansion of manufacturing capacity, to buy raw materials, repay debt and for other general corporate purposes.