Yingli to claim global top spot

Yingli is a big sponsor of football around the world

Yingli is a big sponsor of football around the world

Chinese solar panel maker Yingli expects module shipments to surpass 2.2GW in 2012, beating its guidance and making it the world’s largest PV module supplier.

The company says shipments for the fourth quarter of 2012 are set to reach a new historical high, pushing its full-year shipments beyond its forecast of 2.1GW to 2.2GW.

“Demand from major markets recovered in the fourth quarter,” says Mathew Li, associate director of investor relations. “It was especially strong in China and solid in Europe.”

Slightly more than 40% of the company’s revenues in the quarter came from China, he says, compared with about 30% in the previous year’s same period.

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