Yingli Green Energy just announced that it will supply its PV solar modules to SDIC Huajing. Yingli was selected by SDIC Huajing to supply the company with solar modules to power its 10 MW on-grid solar power plant project in Dunhuang, Gansu Province. The plant has already been given the green light by the province’s Development and Reform Commission.
In a company press release, executives from both companies commented on the agreement:
“We are … Read the rest
Yingli Green Energy just announced that it has signed a sales agreement with China Mobile’s Shanxi subsidiary. China Mobile is building a video monitoring system in Shanxi to help catch forest fires, and Yingli will provide them with off-grid PV modules to help power the system. Under the contract, Yingli will provide a total of 269 units, which will provide .49 MW of power.
At the same time, Yingli announced that it has been chosen … Read the rest
Yingli Green Energy Holding Company Limited just announced that it has signed a strategic sales agreement with Recurrent Energy. Per the agreement, Yingli will supply Recurrent with PV modules until 2012. Recurrent will use the modules in solar energy projects that are expected to range in size from 2 to 20 MW.
In a press release, executives from both companies commented on the deal:
"Today’s agreement further signifies our commitment to meeting the industry’s demand … Read the rest
Yingli Green Energy (YGE) is announcing a collaboration with the Energy Research Centre of Netherlands and Amtech Systems (ASYS) to develop and implement high efficiency N type silicon solar cells, named PANDA. The solar cells will use Netherland’s designs, the solar diffusion technology and dry PSG removal expertise of Amtech and Yingli’s production line and cell process technology.
“Yingli Green Energy always strives to be at the forefront of the latest technological developments in the … Read the rest
Last week, Lazard Capital and Collins Stewart upgraded and maintained their Buy ratings on Yingli Green Energy (YGE). Today, it’s Piper Jaffray’s turn. The firm reiterates its Buy rating on Yingli and is raising the price target from $13 to $17.
Comments from Piper according to StreetInsider.com:
“We believe Germany is the most import market for growth in 2009. YGE has 50-70% of its production contracted with leading German distributors and installers, greater than … Read the rest
Yingli Green Energy (YGE) is erasing Friday’s losses after Collins Stewart maintained its Buy rating and raised the price target from $10 to $11 and Lazard Capital upgraded the stock from Hold to Buy this morning.
Here are the comments from Collins according to Street Insider. Not exactly bullish comments!
“YGE’s 1Q09 revenues were $146M, 20% below our $181M forecast and the $194M consensus. Revenues were down 36% yr/yr and 43% sequentially. We estimate … Read the rest
Yingli Green Energy (YGE) missed EPS and revenue estimates by a wide margin, but the stock is holding up reasonably well, off just 5%. The company reported an EPS loss of .09/share on revenues of $146 million. That’s a 36% haircut on the revenue side from the year ago quarter. The CEO rhetoric remains the same.. poor economy, tight credit conditions, etc. However, CEO Liansheng Miao does believe the 1st quarter marked a low point … Read the rest
Yingli Green Energy (YGE) has signed an agreement today to be the exclusive polycrystalline PV module supplier for AES Solar for the next three years. Financial terms of the deal haven’t been disclosed.
”We are very much looking forward to cooperating with AES Solar as they work towards supplying homes and businesses around the world with power from their leading utility-scale solar installations,” commented Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green … Read the rest
By Sam Hopkins
Get your Free Cleantech Report Today!
The global clean energy puzzle has more than one piece. . .
So today, let’s take a look at the pivotal pros and cons of renewable energy investing in different regions of the world.
As we check out the challenges as well as the opportunities in each place, we gain a more integrated view, and our investment choices can be honed.
North America
Pro: … Read the rest
Yesterday LDK Solar (LDK) announced it was receiving more capital from China banks and this morning Yingli (YGE) is announcing additional financing with the renewal of credit lines of up to RMB 1 billion with the Export-Import Bank of China which is owned by China’s central government. I think it’s clear that China is going to do whatever it takes to become a leader in solar cell manufacturing just as it wants to dominate the … Read the rest