Yingli Green Energy to increase power output by over 400 percent??

Yingli Green Energy Holdings Co. Ltd is scheduled to increase its power output by at least four times to meet the boosting overseas energy market, according to China Business News, which was quoting unnamed sources.

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CFO Li Zongwei reportedly said the company, which has an annual power output of one gigawatt (GW), has received four GWs of orders for next year. ??

Yingli was the first Chinese sponsor of FIFA World Cup in the game's more than 70-year history, said the news source: it had secured a batch of orders before the closure of 2010 FIFA World Cup, because of sponsorship advertising.

??In August, Yingli Green Energy kicked off construction on a 100-megawatt solar cell plant in Hainan Province. The plant will have an investment of RMB 770 million and is expected to be completed by next May.??

The Nasdaq-listed enterprise last month also added an annual polysilicon output of 3,000 metric tons. ??

Furthermore, it has been said that the company will increase the prices for its PV products, by between three percent and five percent, which may bring in between USD$50 million to USD$80 million of additional earnings.

This, said China Business News, is to compensate the depreciation of the euro, which started at the beginning of this year.?

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