Yingli Green Energy plans expansion project at Baoding, China

Published: 09-Mar-2010

Yingli Green Energy Holding Company Limited has announced a 300 megawatt (MW) PANDA mono-crystalline silicon-based manufacturing capacity expansion project at its Baoding headquarters in China.

The company also announced a project loan of RMB1.5 billion ($220 million), for the financing of this expansion project and a working capital credit facility of RMB250 million ($37 million), both granted by the Bank of Communications Co., Ltd., Hebei Branch (BOCOM).

Yingli Green Energy announced its plan to build PANDA mono-crystalline silicon-based manufacturing lines with annual production capacity of 300MW in each of mono-crystalline ingots and wafers, cells and modules at its Baoding headquarters, through its wholly owned subsidiary, Yingli Energy (China) Co., Ltd. The new production lines will be designed to produce next-generation high efficiency PV cells based on the technology developed through Project PANDA, a collaboration among Yingli Green Energy, the Energy Research Center of the Netherlands, a leading solar research center in Europe, and Amtech Systems, Inc., a global supplier of production and automation systems and related supplies for the manufacture of PV cells.

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