By Brian Publicover in Tokyo & Anamaria Deduleasa in London
Thursday, February 27 2014
“We see the Japan market growing very quickly,” Yingli chief financial officer Yiyu Wang said at PV Expo in Tokyo today. “We want to achieve more and more market share (here).”
The company, based in China’s Hebei province, was the world’s biggest PV panel supplier in 2013 for the second consecutive year, according to market research firm IHS.
Yingli took the lead in China, the US and Germany to claim 8.3% of the global market for PV modules last year, up from 7.4% in 2012.
In Japan – the world’s second-biggest solar market in 2013 – Yingli is placed ninth.
But the company, which secured a distribution deal last month with Kyoto-based installer XSOL, has high hopes for Japan, a market that Wang said could reach 7GW this year.
“Our sales to Japan increased significantly from 2012 to 2013 and this trend will continue in 2014,” Wang said.
Yingli also continued to make inroads in Europe this week when it announced it will supply 54MW of modules to seven solar projects in the UK.
The plants are being developed by Grid Essence Holdings in the south of England and Wales.
Construction has already begun, with modules being delivered this month and in March, and grid connection scheduled for the end of the first quarter.
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