Yingli Green Energy (YGE) To Put Off US Plant

According to Reuters, Yingli Green Energy is putting off a decision to open a 100MW plant in the US, citing market uncertainty as a key factor.  Yingli had previously stated it planned to have the plant up and running by the end of this year.

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Helena Kimball, head of marketing communications at Yingli, explained the decision further to Reuters:

“We are delaying the decision to open a U.S. factory. The multiple headwinds in some of the key solar markets such as the drastic feed-in tariff reduction in Germany, the feed-in tariff cuts in Spain, as well as the recent volatility in the currency exchange have all impacted our decision…We look forward to doing so when the market dynamics are favorable and we are confident we’re in a position to make a responsible long-term commitment to all of out stakeholders.”

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