Yingli Green Energy (YGE) Breaks Ground On RMB 6 Billion Industry Park

According to Pacific Epoch, Yingli Green Energy (YGE) has broken ground on a new RMB 6 billion (a bit less than $1 billion) industry park that will house a 800MW per year crystalline solar project with a completion date set for Dec of next year.  It will more than double the company’s yearly output to 1400MW and generate potential sales of more than $2 billion per year.

YGE is currently  trading down about 8% as traders take profits following a 50% surge in the past couple weeks.

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