| Type | Public (NYSE: YGE) |
|---|---|
| Industry | solar energy |
| Founded | 1998 |
| Headquarters | Baoding, Hebei province, People's Republic of China |
| Key people | Liansheng Miao (CEO) |
| Products | photovoltaic products |
| Employees | 6000+ |
| Website | Yingli Green Energy site (English) |
Yingli (NYSE: YGE; Chinese: 英利) also known as Yingli Green Energy Holding Company Limited (Chinese: 英利绿色能源控股有限公司; pinyin: Yīnglì Lǜsè Néngyuán Kònggǔ Yǒuxiàn Gōngsī), which holds the brand Yingli Solar, is a solar energy company and one of the largest vertically integrated manufacturers of photovoltaic solar modules. The company has more than 6000 employees and 10 sales offices worldwide, and plans to open a new manufacturing facility in either Phoenix or Austin.[1]
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Yingli Green Energy was founded by Liansheng Miao, who is the chair of the board and chief executive officer. Yingli Green Energy has been adopting a Vertical integration business model since 2004 and started with an initial annual capacity of 6 MW in ingot, wafer and cell, and 50 MW in module . In July 2009, the annual production capacity of each stage of the value chain reached 600MW. As a final step to make Yingli a completely vertically integrated business model, the company, through its wholly owned subsidiary, Fine Silicon Company Limited, began the trial production of high quality solar-grade and electronic-grade polysilicon in December 2009.
The company released an IPO on the New York Stock Exchange on June 8, 2007.
Yingli Green Energy markets the brandname Yingli Solar.
Yingli's products include both the raw material and the end product, including polysilicon ingots, wafers, photovoltaic cells, photovoltaic modules, and photovoltaic integrated systems. The production of ingots and wafers is a vital part of Yingli's control of cost and quality.[2] Although the manufacturing model is vertically integrated, the company, unlike many competitors, does not develop solar projects.[3]
In 2011 Yingli had jumped up to No. 3 of solar module shipments, according to "Top 10 solar module companies by PVinsights" published quarterly. Yingli achieved astonishing results in 2011, it remained the No. 3 position with very close gap of 21MW to the No. 2 Suntech. And the QoQ growth rate of Yingli is No. 1 in the second quarter, 35.7%.[4]
It sells photovoltaic modules to markets in Germany, Spain, Italy, Greece, France, South Korea, China, and the United States. The company held 27% of the California market in 2009, the largest United States market.[5] This performance contrasts with the 10% share held by Suntech, another Chinese manufacturer, and the 16% position of all American companies combined.[6]
Yingli is the first Chinese company to sponsor the 2010 FIFA World Cup. The company will actively support FIFA's "Football for Hope" movement and "Green Goal" concept first by providing solar panels for FIFA's "20 Centres for 2010" campaign.[7] The company hopes the sponsorship helps reach viewers in Europe, a primary market.[8] Terms of the sponsorship deal, particularly the sponsorship fee, were not disclosed due to confidentiality agreement between the company and FIFA.
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