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|Type||Public (NYSE: YGE)|
|Headquarters||Baoding, Hebei province, People's Republic of China|
|Key people||Liansheng Miao (CEO)|
|Website||Yingli Green Energy site (English)|
Yingli (Chinese: 英利), also known as Yingli Green Energy Holding Company Limited (Chinese: 英利绿色能源控股有限公司; pinyin: Yīnglì Lǜsè Néngyuán Kònggǔ Yǒuxiàn Gōngsī), is a solar energy company and photovoltaic (PV) manufacturer. The company develops, manufactures, and sells solar modules under the brand name Yingli Solar in Germany, Spain, Italy, Greece, France, South Korea, China, Japan, Australia, and the United States. Headquartered in Baoding, China, the company has 21 branch offices and subsidiaries abroad. The company is a sponsor of the 2014 FIFA World Cup, U.S. men’s and women’s national soccer teams, and FC Bayern Munich.
Over 7 GW of Yingli solar modules are deployed worldwide. In 2012, Yingli Green Energy reached a production capacity of 2,450 MW per year, making it largest solar module manufacturers in the world in terms of module production capacity. It became the world’s leading solar module supplier by sales revenue and shipments in Q1 2012. In 2012, Ray Lian predicted that Yingli Green Energy was likely to become the world’s largest supplier in terms of full-year module shipments in 2012.
Yingli Solar’s PANDA product line was developed through an in-house collaboration between the Energy Research Centre of the Netherlands (ECN) and Amtech Systems, Inc. that aimed to create a new, more efficient solar cell. PANDA modules use n-doped silicon instead of the industry’s standard p-type silicon, allowing a more efficient conversion of infrared light into electricity, and lower initial degradation rate. As the PANDA product line is claimed by the company to achieve performance ratings of up to 16.5%, it is best suited to commercial or residential applications where maximum energy output is essential due to space constraints.
Yingli Solar’s YGE Series is its primary product line. The company claims that these multicrystalline modules have efficiencies of up to 15.4%, for use in commercial, residential, and utility-scale projects.
Yingli Solar’s manufacturing facilities are located in Baoding, Haikou, Tianjin and Hengshui. Yingli Americas, a regional subsidiary of Yingli Green Energy, operates a regional research and development lab, the PV Testing Lab (PVTL), in South San Francisco, California. The PVTL conducts product characterization and quality control testing, and provides customers with system modeling support.
Yingli Green Energy was established in 1998 by Mr. Liansheng Miao, who remains the company’s chairman and CEO. Yingli Green Energy began module production in 2003, with a capacity of 3 MW. By 2004, Yingli reached 6 MW in ingot/wafer/cell production, and 50 MW in module production. The company also expanded into Germany and achieved certifications from UL, the IEC and TÜV Rheinland. After continued expansion and fundraising efforts, Yingli Green Energy completed its IPO on the New York Stock Exchange in June 2007. In 2009, Yingli achieved 1 GW of cumulative output of solar modules since commercial production began in 2003. Today, Yingli Green Energy has a balanced vertically integrated production capacity of 2,450 MW per year.
In 2010, Yingli Green Energy became the first Chinese company and the first renewable energy company to sponsor the FIFA World Cup. Yingli is also a sponsor of the 2014 FIFA World Cup in Brazil. It is supplying modules to 2014 FIFA World Cup stadiums, including the Maracana Stadium in Rio de Janeiro. Building on its partnership with FIFA, Yingli is also a sponsor of FC Bayern München and the U.S. Soccer Women’s and Men’s National Teams.
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The company's modules operate in solar projects in several countries, including:
- Moura, Portugal Power Plant (Moura, Portugal)
- Huerto Solar Villar de Cañas II (Cuenca, Spain)
- Poggiorsini Power Plant (Poggiorsini (BA), Italy)
- NY Jets Training Facility (New Jersey, U.S.)
- Kaiser Permanent Medical Center (California, U.S.)
- Rutgers University (New Jersey, U.S.)
- Denver International Airport (Colorado, U.S.)
- RRS – Magaldi Group (Salerno, Italy)
- William Patterson University (New Jersey, U.S.)
- Valley Fine Foods (California, U.S.)
- Formula 1 Grand Prix Circuit (Hockenheim, Germany)
- Power Valley Plaza (Baoding, China)
Corporate Social Responsibility
Yingli is the largest and first official module supplier to GRID Alternatives, an Oakland, California-based non-profit solar installer that provides low-income families with solar energy systems free of charge. By the end of 2012, Yingli will have helped over 800 families save substantially on their electricity bills through its support of GRID Alternatives. Thousands of job seekers will also receive professional training through this partnership.[dead link]
Yingli has also sponsored the United States Soccer Federation to launch the Powering Advancement with Solar and Soccer (PASS) program. The PASS program provides schools in disadvantaged communities with solar energy systems and support for their healthy lifestyle programs. The program was launched at the KIPP DC: Will Academy charter school in Washington, DC on June 1, 2012.
As part of its sponsorship of the 2010 FIFA World Cup in South Africa, Yingli participates in the “Football for Hope. Energy for Hope.” initiative that aims to bring football training and community centers to communities in Africa. Yingli is working with FIFA to provide these twenty football training and community centers with clean solar energy.
- "About Us". Yingli Solar. September 2, 2012.
- "Yingli Green Energy Reports Second Quarter 2012 Results". Yahoo Finance. August 29, 2012.
- "Yingli Solar Ships Most Modules in Q1, Leads in Processing Costs". Seeking Alpha. June 1, 2012. Retrieved September 1, 2012.
- Lian, Ray (August 31, 2012). "Yingli Green Energy Poised to become the no.1 PV module supplier for 2012". PV Tech. Retrieved September 2, 2012.
- "Yingli Green Energy, ECN, and Amtech Join Efforts to Develop N-type MWT High Efficiency PV Cell and Module". PR Newswire. September 7, 2010. Retrieved September 2, 2012.
- "Products". Yingli Solar. September 2, 2012.
- "Yingli Green Energy announces global sponsorship of 2010 FIFA World Cup". FIFA. February 3, 2010. Retrieved February 4, 2010.
- "Yingli brings solar power to the Maracana". FIFA. May 11, 2012. Retrieved September 2, 2012.
- "Yingli Solar Renews Commitment to Families in Need". GRID Alternatives. Retrieved September 2, 2012.
- Johnston, Adam (June 4, 2012). "Yingli Green Energy and U.S. Soccer Federation Shoot & Score for Solar Energy". Clean Technica. Retrieved September 2, 2012.