Yingli books 59MW, upbeat on China

Yingli modules

Yingli modules

Market conditions are improving for tier-one Chinese suppliers in their own country, claims Yingli, suggesting that the government’s efforts to squeeze out smaller players is gaining traction.

Yingli chief executive Liangsheng Miao says he has “observed improved price and payment terms” for recently signed orders, which he takes as “evidence of China’s domestic market growing more rational”, including a more “balanced” supply-demand situation.

Miao’s comments came as Yingli announced a 59MW follow-on order from the renewables subsidiary of China Three Gorges Corporation, to be spread across three ground-mount projects in Hebei, Gansu and Inner Mongolia. The modules will be delivered by the end of the year.

Facing withering criticism in the West for allowing a tremendous production overcapacity to build up in the PV industry in recent Log in to read complete article.

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