Yingli
Encyclopedia
Yingli also known as Yingli Green Energy Holding Company Limited , 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
.
. 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's products include both the raw material and the end product, including polysilicon ingot
s, 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. Although the manufacturing model is vertically integrated, the company, unlike many competitors, does not develop solar projects.
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. This performance contrasts with the 10% share held by Suntech, another Chinese manufacturer, and the 16% position of all American companies combined.
. 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. The company hopes the sponsorship helps reach viewers in Europe, a primary market. Terms of the sponsorship deal, particularly the sponsorship fee, were not disclosed due to confidentiality agreement between the company and FIFA
.
Vertical integration
In microeconomics and management, the term vertical integration describes a style of management control. Vertically integrated companies in a supply chain are united through a common owner. Usually each member of the supply chain produces a different product or service, and the products combine to...
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
Phoenix, Arizona
Phoenix is the capital, and largest city, of the U.S. state of Arizona, as well as the sixth most populated city in the United States. Phoenix is home to 1,445,632 people according to the official 2010 U.S. Census Bureau data...
or Austin
Austin
Austin is the capital of the U.S. state of Texas.Austin may also refer to:-In the United States:*Austin, Arkansas*Austin, Colorado*Austin, Chicago, Illinois*Austin, Indiana*Austin, Minnesota*Austin, Nevada*Austin, Oregon...
.
History
Yingli Green Energy was founded by Liansheng Miao, who is the chair of the board and chief executive officerChief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
. Yingli Green Energy has been adopting a Vertical integration
Vertical integration
In microeconomics and management, the term vertical integration describes a style of management control. Vertically integrated companies in a supply chain are united through a common owner. Usually each member of the supply chain produces a different product or service, and the products combine to...
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
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
on June 8, 2007.
Products
Yingli Green Energy markets the brandname Yingli Solar.Yingli's products include both the raw material and the end product, including polysilicon ingot
Ingot
An ingot is a material, usually metal, that is cast into a shape suitable for further processing. Non-metallic and semiconductor materials prepared in bulk form may also be referred to as ingots, particularly when cast by mold based methods.-Uses:...
s, 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. Although the manufacturing model is vertically integrated, the company, unlike many competitors, does not develop solar projects.
Market share
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 growhth rate of Yingli is No. 1 in the second quater, 35.7%.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
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
market in 2009, the largest United States market. This performance contrasts with the 10% share held by Suntech, another Chinese manufacturer, and the 16% position of all American companies combined.
World Cup
Yingli is the first Chinese company to sponsor the 2010 FIFA World Cup2010 FIFA World Cup
The 2010 FIFA World Cup was the 19th FIFA World Cup, the world championship for men's national association football teams. It took place in South Africa from 11 June to 11 July 2010...
. The company will actively support FIFA's "Football for Hope" movement and "Green Goal" concept first by providing solar panels for FIFA
FIFA
The Fédération Internationale de Football Association , commonly known by the acronym FIFA , is the international governing body of :association football, futsal and beach football. Its headquarters are located in Zurich, Switzerland, and its president is Sepp Blatter, who is in his fourth...
's "20 Centres for 2010" campaign. The company hopes the sponsorship helps reach viewers in Europe, a primary market. Terms of the sponsorship deal, particularly the sponsorship fee, were not disclosed due to confidentiality agreement between the company and FIFA
FIFA
The Fédération Internationale de Football Association , commonly known by the acronym FIFA , is the international governing body of :association football, futsal and beach football. Its headquarters are located in Zurich, Switzerland, and its president is Sepp Blatter, who is in his fourth...
.
See also
- Solar power in ChinaSolar power in ChinaSolar power in the People's Republic of China is one of the biggest industries in mainland China. China has over 400 photovoltaic companies and produces approximately 23% of the photovoltaic products worldwide. In 2007 China produced 1700 MW of solar panels, nearly half of the world production of...
- Renewable energy companies on the stock exchange