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Chinese PV firm sees increase in demand

Posted: 22 Jun 2009     Print Version  Bookmark and Share

Keywords:PV system  polysilicon supply  video monitoring  clean energy 

Photovoltaic product manufacturer Yingli Green Energy Co. Ltd has announced that it has signed an off-grid PV system sales agreement with the Shanxi subsidiary of China Mobile, the biggest mobile telecommunications operator in China, which expects to build a video monitoring system for forest fire prevention in Shanxi province.

Under this agreement, Yingli will supply the video monitoring system with 269 off-grid PV system units, totalling 0.47 MW. The Shanxi Forestry Bureau and the Shanxi subsidiary of China Mobile will be joint constructors for the video monitoring system, which is expected to cover 11 cities and 113 counties in Shanxi Province.

Additionally, Yingli Green Energy announced that it has been selected by Huawei Technologies Co. Ltd to supply PV modules for its base stations in 2H09.

"The industry has experienced increased market demand for a variety of reasons, including the easing of the seasonality in Europe, considerable progress in clean energy incentive policy legislation in the United States and China, and a visible change of industry sentiment boosted by the successful Intersolar Conference hosted in Munich, Germany, last month," said Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green Energy.

"We have experienced a substantial increase in demand since the start of the year and expect to see at least a 70% increase in shipments in the second quarter over our shipments in the first quarter. In addition, our competitive cost structure, combined with lower prices of polysilicon in the spot market and under our long-term polysilicon supply contracts, gives us confidence in our ability to achieve the previously stated second quarter gross margin target, which is in the estimated range of 18% to 20%," Mr. Miao concluded.

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