Tuesday, January 22, 2013

Yingli to be largest solar panel manufacturer in 2012

Final data for 2012 is not yet out, but for 2011 top solar module players are Suntech, First Solar, Yingli, Trina and Canadian Solar, in that order. According to Solarbuzz, the top 5 manufacturers in 2012 is expected to remain the same except that Yingli is tipped to be number one for the first time.

Yingli Green Energy, a Chinese solar manufacturer, has more than 20 subsidiaries and branch offices worldwide, including one in Singapore although none in Malaysia.

Poised for No.1 spot

World's largest panel manufacturer

Yingli expects 2012 panel shipments of more than 2.2GW, exceeding an earlier forecast of 2.1GW to 2.2GW. At that volume, Yingli expects to become the world’s largest panel maker. This feat would be at the expense of Suntech, the world number one for the past two consecutive years.
“According to public data to date, we believe Yingli has evolved into the largest PV module supplier” -  Miao Liansheng, Chairman and CEO of Yingli Green Energy in early January 2013.

Will it come to Malaysia?

Yingli distributes its PV modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China, Japan and the United States, with domestic sales contributing to its increased shipment.

European markets for Chinese solar panel have declined and the 'anti-dumping' duties imposed by the US on Chinese imports means that Yingli (and many other China-based manufacturers) will have to look for new markets.

Southeast Asia is one of these markets and you will not be too surprised if PV panels installed on your solar rooftop under SEDA Feed-in Tariff scheme are Yingly products.

I suppose with the reputation as top manufacturer, you will not be far from right choosing Yingli when you install your grid-connected solar power. I may still be wrong though, as many of the Approved Licensed Installers in Malaysia choose either US or German made modules.

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