Yingli Solar

Yingli Solar Overview

Headquarters: Baoding, China

Founded: 1998

Workforce: Approximately 9,217

Company Working: Yingli Solar manufacturers silicon solar cells and photovoltaic products, fans, thermal power generation products, controllers, and inverters. It has exported more than 65 million solar panels to countries including Germany, Spain, Italy, Greece, France and United States. The company has operations in countries such as Germany, Spain, France, Italy, Netherlands and the U.K.

Yingli offers solar power solutions for residential, commercial business, power plant and off-grid applications. In China, the company has more than 30 regional subsidiaries and branch offices and has distributed more than 15 GW of solar panels to customers, worldwide. Some of the subsidiaries of the company are Yingli China, Hainan Yingli, Yingli Tianjin, Yingli Lixian, and Yingli Hengshui’s HNTE. The company is one of the members of the Global Silicon Module Super League that supplies modern solar PV’s worldwide.

Yingli Solar is a part of WWF Climate Savers Initiative that spearheads the global shift towards low carbon economy and is committed to reducing its operational carbon footprint.

Strategy

Yingli Solar sees its key strategy as targeting solar power plant operators, developers, operators wholesalers and PV system integrators around the world as its key customers.. The company has its solar projects in China where the PV modules are used. It is determined to reduce the cost of manufacturing PV panels and improve the efficiency of the PV cells and solar panels, through consistent research and development. Besides, the company focuses on R&D activities in PV cells so as to compete on the parameters of efficiency and production capacity., the company has four state-of-the-art manufacturing campuses that focus on solar cell production and module assembly. To offer better services to the clients in the European region, Yingli Green Energy established the photovoltaic industry’s largest R&D and after-sales service center, which is located in Madrid, Spain.

Company Snapshot

$1,608.9M

Revenue

9,217

Employees

1998

Founded

SWOT Analysis

Strengths

Implementation of automation for manufacturing
Enhanced product portfolio
Strong global presence
Strong Manufacturing capacity and distribution
Diverse product portfolio
One of the top players in the world

Weaknesses

Lack of sound demand forecasting
Dependence on solar solutions
Reduced incentives for solar panel manufacturing
Intense competition from other Chinese manufacturers

Opportunities

Growing renewable energy demand in South America
Favorable taxation policies
Expansion into new growing markets like Latin America and Asia-Pacific
New product manufacturing capability such as thin film cells

Threats

Varying liability laws across countries
Counterfeit product manufacturing
Failure to obtain product certification in core markets
Failure to obtain raw materials on time for product manufacturing and delivery

Key Developments

Date	Approach	Development
June 2018	Contracts & Agreements	Yingli signed a 146 MW EPC contract with Jenner Renewables for 12 solar power plants in Chile.
March 2018	New Product Development	Yingli announced the launch of multi-crystalline 12 busbars panel, the product reduces silver paste consumption during PV cells processing.

Product Offering

• YL290CG2530L-1, with peak power of 290 W
• YL285CG2530L-1, with peak power of 285 W
• YL280CG2530L-1, with peak power of 280 W
• YL275CG2530L-1, with peak power of 275 W
• YL270CG2530L-1, with peak power of 270 W
Solar for Homes
- PANDA 60 Cell Bifacial SeriesX21-335-BLK
- YLM 60 Cell Series
- PANDA 60 Cell Series
- YGE 60 Cell Series
Solar for Business
- PANDA 60 Cell Bifacial Series
- YLM 60 Cell Series
- YLM 72 Cell Series
- YGE 72 Cell Series
- YGE 60 Cell Series
- PANDA 60 Cell Series
Power Plants
- Power Plants
- YLM 72 Cell Series
- YGE 60 Cell Series
- YGE 72 Cell Series
Off Grid
- • YLSYS 300 Series
- • YLSYS 800 Series
- • YLSYS 1200 Series
- • YLSYS 1200 Series
- • YLSYS 1600 Series

Financial Performance

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