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 Log in to read complete article.

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