Yingli Solar helps China double global solar panel supply supply, panel, double, Solar, Yingli

peter236

http://www.chinadaily.com.cn/bus ... ontent_10087488.htm

Yingli's $5.3b loan may help China double global solar panel supply
(Agencies)
Updated: 2010-07-09 11:28



China may double the world's capacity for making solar panels by loaning Yingli Green Energy Holding Co 36 billion yuan ($5.3 billion) to expand production, a Bloomberg New Energy Finance analyst said.

The funds from the State-run China Development Bank Corp follow lending of 50 billion yuan to Suntech Power Holdings Co and 30 billion yuan for Trina Solar Ltd in April, New Energy Finance said. The three New York-traded companies are China's biggest solar firms by market value.

"The loans are enough to increase the world's solar wafer and cell capacity by 100 percent," said Jenny Chase, head of solar-energy analysis for New Energy Finance in London. "It will allow the Chinese companies to deliver unprecedented economies of scale."

The money will allow China to strengthen its position as the world's largest maker of solar panels used to generate electricity from the sun's rays. Yingli and its Chinese competitors shipped 43 percent of the world's solar panels last year, according to the London-based research group owned by Bloomberg LP.

Yingli will use the funds to finance both domestic development and boost its overseas business, the Baoding-based company said in a statement on its website. The company didn't provide further details or disclose terms of the loan.

China Development Bank also extended an 8-year loan of $70 million to Yingli in December 2008 to fund expansion. The company said in a separate statement it has started production on a solar panel factory able to make 400 megawatts of generation capacity a year.

It expects its newest production lines to reach full capacity by the end of the third quarter of 2010, raising its total output capacity to 1 gigawatt.

The China Development Bank loan may be enough to raise Yingli's production capacity to as much as 5 gigawatts, Chase said.

peter236

With the austerity plans in place in Europe in addition to the long term downward trend of the Euro, ...
快樂牛郎 發表於 2010-7-13 21:52

China itself is the world's largest market for solar panels. China is now among the greenest countries in the world. Those small European countries don't matter that much.

peter236

回復  peter236


   刺激內部消費
即係塘水滾塘魚
自欺欺人
sheep 發表於 2010-7-13 22:01

You filthy anti-Chinese moron, stimulating the domestic demand is exactly what China needs according to world-leading economic experts, instead of relying on exports market.

peter236

因為係無能為力去創造自己嘅品牌去打入國際市場
我根本就想你死
見你行僅去懸崖
我點都唔會叫你番轉頭
重 ...
sheep 發表於 2010-7-13 22:10

You stupid moron, Yingli solar is well known around the world and its products are competitive, especially for those who are familiar with solar energy. But, China as the most populous nation in the world, it is also the largest market for solar energy. So selling into the China market is very important for many Chinese companies.

peter236

中國人口九成是奴隸，兩成人無書讀及生活有饑荒之中
羅d錢，去做下教育，依飽個肚好過la

中國的貧窮人口至 ...
ricrick 發表於 2010-7-14 00:07

another piece of irrelevant rubbish article.

peter236

國之根本都吾理，學咩人吹噓呀？
返大陸耕田啦，奴隸獸
ricrick 發表於 2010-7-14 00:29

You rubbish crap. This is a thread for solar power. Exporting solar panels from China will make a lot of money for the Chinese people. Investing in solar power in China is also good for the environment. Just get out of here, you stupid imbecile.

peter236

回復  ricrick


    i bet he never even heard of yingli solar before the worldcup
news 發表於 2010-7-14 09:31

Yingli solar is listed on the US stock exchange, along with other Chinese solar companies like Suntech Power.