Yingli to ship 170 MW PV modules for projects in China


Some good news for the troubled Chinese solar PV manufacturer, which received an official NYSE-delisting notice in August following news of its debt issues: It has signed a 170 MW module supply deal with CFC Construction.

In the third and fourth quarters of this year, Yingli is set to deliver 650,000 of its multicrystalline YGE Series modules for utility-scale solar projects in the city of Zhangjiakou, in China’s Hebei province. The city is said to be ideal for solar development due to its high electricity demands and abundant solar resources. It also recently won the rights to host the 2022 Winter Olympic Games together with Beijing.

At the beginning of the month, Yingli reported decreased revenues and profits. Falling module shipments were to blame, with the company shipping just 727.9 MW in Q2, compared to 754.2 MW in Q1 and 887.9 MW in Q2 2014.

Over the course of the year, it has lost around two-thirds of its market value, and first warned its shareholders in May that the company had doubts about its ability to continue as a going concern given its hefty debt burden. Bloomberg has reported that the company may need to take a debt reorganization in order to survive in 2016.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.