BAODING, China, Dec 05, 2008 /PRNewswire-Asia-FirstCall via COMTEX/ -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it has entered into two sales contracts with IBC Solar AG ("IBC Solar"), one of the leading specialists in PV systems worldwide, to supply a total of 91 MW of PV modules to IBC Solar.
Under the terms of these contracts, Yingli Green Energy is expected to supply 91 MW of PV modules to IBC Solar from December 2008 to December 2009. Supplies under these contracts are agreed to be made at fixed prices for December 2008 and for the period from January through October 2009, which will be adjusted by mutual agreement if the market price falls below the fixed prices.
"The performance, reliability and quality of Yingli's PV modules, their excellent customer service and their brand recognition among our customers form the foundation of our business relationship," commented Mr. Udo Moehrstedt, president and founder of IBC Solar. "We are currently working on a range of significant projects with a broad range of customers. We believe our business cooperation with Yingli will help us expand our business in the future."
"We are very pleased to announce these significant new contracts, which we believe provide more visibility for our sales in 2009," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The majority of our customers are companies with an established track record of successful operations, just like IBC Solar. We expect that these new contracts will further strengthen our leading position in the German market and provide a solid foundation for our continued success there in the coming year. In addition, we believe our competitive PV module pricing and reliable product quality, which are supported by our vertically integrated business model and one of the lowest non-polysilicon manufacturing cost structures in the industry, will further enhance customer loyalty and extend our market share in this competitive environment."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. With 400 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Through its wholly owned subsidiary, Yingli Energy (China) Co., Ltd., Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 600 MW in the third quarter of 2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit http://www.yinglisolar.com .
About IBC SOLAR
Since it was established in 1982, IBC Solar has been exclusively active in the photovoltaics sector. The IBC Solar group with several subsidiaries in Europe, Asia and USA currently supplies the global market with high-performance systems of every magnitude, from single-family home roofs, to large-scale solar projects. To date more than 350 megawatts (MWp) of photovoltaic power have been delivered in more than 50,000 solar power systems around the world. For more information, please visit http://www.ibc-solar.com .
Friday, December 5, 2008
Yingli Green Energy Reaffirms Business Outlook for Fiscal Year 2009
Copyright 2008 PR Newswire. All Rights Reserved2008-12-05
BAODING, China, Dec. 5 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or "the Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today reaffirmed its business outlook for fiscal year 2009, as previously announced on the Company's earnings conference call on November 26, 2008, in response to certain recent news articles erroneously stating that the Company expected its total PV module shipments to reach 400 megawatts in 2009.
Based on current market and operating conditions, estimated production capacity and forecasted customer demand, as well as current exchange rates for the U.S. dollar, Euro and Renminbi, the Company estimates that its total PV module shipments in 2009 will be approximately 550 MW to 600 MW, subject to, among other factors, the successful installation and ramp-up of the Company's additional 200 MW planned expansion in the third quarter of 2009.
In addition, after taking into consideration the several mid- to long-term virgin polysilicon supply agreements with leading global polysilicon suppliers which will start delivery at the beginning of 2009, estimated polysilicon prices in 2009, the negative impact of expected decreases in the average sales price of PV modules and further depreciation of the Euro versus U.S. dollar, the Company estimates that its gross margin in 2009 will be at least 24%.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. With 400 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Through its wholly owned subsidiary, Yingli Energy (China) Co., Ltd., Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 600 MW in the third quarter of 2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit .
BAODING, China, Dec. 5 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or "the Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today reaffirmed its business outlook for fiscal year 2009, as previously announced on the Company's earnings conference call on November 26, 2008, in response to certain recent news articles erroneously stating that the Company expected its total PV module shipments to reach 400 megawatts in 2009.
Based on current market and operating conditions, estimated production capacity and forecasted customer demand, as well as current exchange rates for the U.S. dollar, Euro and Renminbi, the Company estimates that its total PV module shipments in 2009 will be approximately 550 MW to 600 MW, subject to, among other factors, the successful installation and ramp-up of the Company's additional 200 MW planned expansion in the third quarter of 2009.
In addition, after taking into consideration the several mid- to long-term virgin polysilicon supply agreements with leading global polysilicon suppliers which will start delivery at the beginning of 2009, estimated polysilicon prices in 2009, the negative impact of expected decreases in the average sales price of PV modules and further depreciation of the Euro versus U.S. dollar, the Company estimates that its gross margin in 2009 will be at least 24%.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. With 400 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Through its wholly owned subsidiary, Yingli Energy (China) Co., Ltd., Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 600 MW in the third quarter of 2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit .
Thursday, December 4, 2008
Suntech and a+f Complete Two Solar Power Plants in Spain
SAN FRANCISCO and WUXI, China, Dec. 4 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd., the world's leading manufacturer of photovoltaic (PV) modules, today announced that it recently completed two solar power plants in Spain in collaboration with a+f GmbH, a subsidiary of the GILDEMEISTER group, whose high performance SunCarrier single axis tracker is a market leader.
Suntech supplied approximately 50% of all modules utilized in an 8.5MWp solar plant in Alange and a 7.4MWp solar plant in Alconera. The modules were installed on over 450 a+f SunCarrier trackers, which increase the power efficiency of the solar systems by up to 32% above that of fixed mounted solar systems. In total the two solar plants will produce enough energy to power around 9,300 households and save carbon dioxide emissions of approximately 19,000 tons per year.
a+f's Managing Director, Dr. Rico Wojanowski said, "Our advanced SunCarrier tracking technology is perfectly matched with Suntech's internationally acclaimed high output solar modules. The combination of these two products enabled us to efficiently use the land available and develop a high power output solar solution that can satisfy the energy needs of thousands of households."
Jerry Stokes, President of Suntech Europe, said, "These solar projects illustrate the potential for inter-value chain collaboration to provide highly efficient and completely sustainable energy solutions. Suntech's dedication to producing premium quality, high power output solar products is a key factor leading to our strong brand recognition in Europe."
Suntech has built strong partnerships with many leading solar project developers and distributors in Spain, Italy and Greece through the consistent supply of extremely reliable, high conversion efficiency solar modules. Suntech expects to ship over 230MW of solar modules to Southern Europe in 2008.
About Suntech
Suntech Power Holdings Co., Ltd. (NYSE: STP) is a world-leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high-quality, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of BIPV products under the MSK Solar Design Line(TM). Suntech has sales offices worldwide and is a market share leader in key global solar markets. For more information, please visit http://www.suntech-power.com .
About a+f
Wuerzburg, Germany based a+f GmbH has been working successfully over 15 years as a manufacturer of industrial plant equipment. As a subsidiary of the GILDEMEISTER group, a+f has access to the know-how and skills of this world- market leader in metal-cutting machine tools. In particular, the world-wide service network guarantees rapid reaction times and therefore constant availability for your installation.
Suntech supplied approximately 50% of all modules utilized in an 8.5MWp solar plant in Alange and a 7.4MWp solar plant in Alconera. The modules were installed on over 450 a+f SunCarrier trackers, which increase the power efficiency of the solar systems by up to 32% above that of fixed mounted solar systems. In total the two solar plants will produce enough energy to power around 9,300 households and save carbon dioxide emissions of approximately 19,000 tons per year.
a+f's Managing Director, Dr. Rico Wojanowski said, "Our advanced SunCarrier tracking technology is perfectly matched with Suntech's internationally acclaimed high output solar modules. The combination of these two products enabled us to efficiently use the land available and develop a high power output solar solution that can satisfy the energy needs of thousands of households."
Jerry Stokes, President of Suntech Europe, said, "These solar projects illustrate the potential for inter-value chain collaboration to provide highly efficient and completely sustainable energy solutions. Suntech's dedication to producing premium quality, high power output solar products is a key factor leading to our strong brand recognition in Europe."
Suntech has built strong partnerships with many leading solar project developers and distributors in Spain, Italy and Greece through the consistent supply of extremely reliable, high conversion efficiency solar modules. Suntech expects to ship over 230MW of solar modules to Southern Europe in 2008.
About Suntech
Suntech Power Holdings Co., Ltd. (NYSE: STP) is a world-leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high-quality, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of BIPV products under the MSK Solar Design Line(TM). Suntech has sales offices worldwide and is a market share leader in key global solar markets. For more information, please visit http://www.suntech-power.com .
About a+f
Wuerzburg, Germany based a+f GmbH has been working successfully over 15 years as a manufacturer of industrial plant equipment. As a subsidiary of the GILDEMEISTER group, a+f has access to the know-how and skills of this world- market leader in metal-cutting machine tools. In particular, the world-wide service network guarantees rapid reaction times and therefore constant availability for your installation.
China solar wafer supplier LDK urged to cut prices
Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Thursday 4 December 2008]
Gintech Energy, a Taiwan-based maker of crystalline silicon solar cells, has asked LDK Solar, a China-based producer of solar-grade crystalline silicon wafers, to lower its product prices to facilitate the existing cooperation between LDK and Taiwan's solar cell makers, according to industry sources.
Gintech president and COO Ellick Liao made the request to LDK president and COO Xingxue Tong at Tong's visit to Gintech on December 3, the sources indicated. As Taiwan-based makers of solar cells account for about 50% of LDK's total wafer shipments, LDK's price reduction is important to maintain the existing supply chain between LDK and its Taiwan clients, the sources quoted Liao as saying. Tong basically agreed with Liao, but did not said whether LDK would lower prices, the sources noted.
Taiwan makers of solar cells have increasingly suffered from continued drops in spot market price of photovoltaic (PV) modules since November 2008, and therefore strongly hope for reduction in procurement costs of wafers through negotiation with their contract suppliers, of which LDK is a major one, the sources pointed out.
The PV module price drops have stemmed from high inventory levels in main markets: 1.5 months in Germany and 2-3 months in Spain, the sources noted. A reasonable inventory level is two weeks, the sources explained.
To cope with the falling prices of PV modules, Taiwan solar cell makers will have to accept cash-on-delivery orders only, control inventory levels to no more than two weeks, create product differentiation, and enhance sale-related services, the sources cited Liao as suggesting.
Gintech Energy, a Taiwan-based maker of crystalline silicon solar cells, has asked LDK Solar, a China-based producer of solar-grade crystalline silicon wafers, to lower its product prices to facilitate the existing cooperation between LDK and Taiwan's solar cell makers, according to industry sources.
Gintech president and COO Ellick Liao made the request to LDK president and COO Xingxue Tong at Tong's visit to Gintech on December 3, the sources indicated. As Taiwan-based makers of solar cells account for about 50% of LDK's total wafer shipments, LDK's price reduction is important to maintain the existing supply chain between LDK and its Taiwan clients, the sources quoted Liao as saying. Tong basically agreed with Liao, but did not said whether LDK would lower prices, the sources noted.
Taiwan makers of solar cells have increasingly suffered from continued drops in spot market price of photovoltaic (PV) modules since November 2008, and therefore strongly hope for reduction in procurement costs of wafers through negotiation with their contract suppliers, of which LDK is a major one, the sources pointed out.
The PV module price drops have stemmed from high inventory levels in main markets: 1.5 months in Germany and 2-3 months in Spain, the sources noted. A reasonable inventory level is two weeks, the sources explained.
To cope with the falling prices of PV modules, Taiwan solar cell makers will have to accept cash-on-delivery orders only, control inventory levels to no more than two weeks, create product differentiation, and enhance sale-related services, the sources cited Liao as suggesting.
China Yingli sees panel shipments up 60 pct in 2009
HONG KONG, Dec 3 (Reuters) - Chinese solar cell maker Yingli Green Energy Holding Co Ltd expects its shipments of solar modules to rise 60 percent next year, with demand for solar panels likely to exceed supply despite the global economic downturn.
Yingli expects shipments of solar modules to reach 400 megawatts (MW) next year from about 250 this year, Cherradi Nabih, Yingli Green's vice president for manufacturing, said on the sidelines of the Clinton Global Initiative conference.
"In a way the crisis has helped the industry. Because of the crisis, there has been big pressure on the price of materials, including polysilicon, which is down about 50 percent this year from last year," said Nabih.
The fall in the price of polysilicon, a key material for solar cells that turn sunlight to electricity, has made Yingli's production more cost efficient, he said.
(Reporting by Leonora Walet)
Yingli expects shipments of solar modules to reach 400 megawatts (MW) next year from about 250 this year, Cherradi Nabih, Yingli Green's vice president for manufacturing, said on the sidelines of the Clinton Global Initiative conference.
"In a way the crisis has helped the industry. Because of the crisis, there has been big pressure on the price of materials, including polysilicon, which is down about 50 percent this year from last year," said Nabih.
The fall in the price of polysilicon, a key material for solar cells that turn sunlight to electricity, has made Yingli's production more cost efficient, he said.
(Reporting by Leonora Walet)
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