Yingli plans to build 600 MW of PANDA mono-crystalline silicon-based manufacturing lines in each of mono-crystalline ingots and wafers, cells and modules at its Baoding headquarters, through its wholly owned subsidiary, Yingli Energy (China) Co., Ltd.
In addition, the Company also plans to build 100 MW of multi-crystalline silicon- based manufacturing lines in Haikou, Hainan Province through Yingli China. With the completion of these two new expansion projects, the Company's capacity will increase to 1.7 GW. The Company expects that these two new expansion projects will start initial production from the middle of 2011.
"The launching of these new expansion projects marks another key milestone in the rapid growth of Yingli Green Energy," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The demand for our 'Yingli Solar' modules continues to grow rapidly in the global market and we are pleased to further expand our capacity to meet the growing market demand and the increasing interest in our 'Yingli Solar' modules.
Especially, we see robust demand momentum for the Yingli Solar Panda Module(TM) as a result of its high cell conversion efficiency targeting to reach 18.5% or above on commercial production lines by the end of this year, which is expected to help reduce the balance-of-system costs".