Yingli Solar forms JV for 300 MW solar panel fab in Thailand, its first outside China

Share

Vertically integrated Chinese solar company Yingli Solar has today revealed plans to open its first manufacturing facility outside of China – a 300 MW solar panel fab to be located in Thailand’s Pruckdang district of Rayong.

The company’s subsidiary, Hainan Yingli New Energy Resource has created a joint venture (JV) with Thai clean energy EPC Demeter Power to develop the solar fab, with Hainan Yingli investing $19 million for a 40% stake in the JV.

The facility will boast a production capacity of 300 MW and will produce multicrystalline solar panels under the Yingli Solar brand name. Operation of the plant is expected to begin in the second half of this year.

Yingli Green Energy CEO and chairman Liansheng Miao spoke of his pride in establishing the company’s first overseas manufacturing operation, adding: "We hope to expand the new factory’s production capacity across the PV value chain in the future.

"Manufacturing PV panels in Thailand will enable the company to operate more competitively in overseas markets as well as in the emerging markets of southeast Asia," Miao said.

Many leading Tier-1 Chinese solar companies have begun developing overseas manufacturing hubs in efforts to circumvent countervailing and anti-dumping duties applied to solar products manufactured in China by the U.S. and the European Union.

Despite the investigation into such practices being expanded to other southeast Asia locations (in May last year the European Commission extended its solar trade investigation to Malaysia and Taiwan), Yingli and other vertically integrated Chinese solar firms are plowing ahead with manufacturing expansion plans in the region, and Thailand has fast become an attractive destination.

"Thailand’s favorable business climate, coupled with its generous tax incentive scheme, world-class infrastructure and continued government support for the expanding solar power industry make Thailand a perfect place for our new JV with Yingli," enthused Demeter Corporation CEO Apichet Bhusry.

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.

Popular content

Inlyte reports zero loss over 700 cycles for its iron-sodium battery tech

11 December 2024 The startup is targeting commercial demonstration projects in 2025 and large-scale U.S. manufacturing by early 2027.

Share

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.