China may eclipse Germany as largest PV market in 2013: Yingli

Germany's shrinking PV market will begin to approach Berlin's annual "target corridor" of 2.5GW-3.5GW next year, and may be eclipsed by China for the first time, says Yingli.

Yingli's revenues from China doubled sequentially to 28% in the third quarter – and may soar as high as 40% in the final quarter of the year.

But the Chinese boost was not enough to offset the rapidly wilting – albeit still critical – German market, with the company’s overall quarterly revenues sliding 17% to 2.24bn yuan ($355.9m).

Yingli, like all PV manufacturers, is rapidly realigning itself for a future in which Germany is no longer capable of carrying the global market on its own shoulders.

Weak demand in Europe widened Yingli’s net loss…

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login