Connect with us

Hi, what are you looking for?


Clean Power

Australia Could Be World’s 1st Solar PV Mass Market, Yingli States

One of the world’s biggest solar PV manufacturers, Yingli Green Energy, has announced it will set up its regional headquarters in Sydney after concluding that Australia represents one of the most promising solar PV markets in the world.

The Chinese based, US-listed  Yingli, one of the big three solar manufacturers, and No 1 in the world in 2012 according to some surveys, has had only a minimal presence in Australia to date and has sold just 5MW of panels into a market that has now installed more than 1,500MW.

However, the company says Australia is set to be a “world leader” in coming years — the result of rising retail electricity prices, falling PV costs, new financing options and a lot of sun. And as some of its principal partners move into the country, it has chosen to do so too.



“Australia is one of the most promising markets in the solar industry,” Liansheng Miao, Yingli’s chairman and CEO, said in a statement.

Lucas Sadler, the newly appointed head of Yingli Australia, said Australia could be the first major market in the world to reach mass grid parity — where solar PV installations are cheaper than grid-connected electricity supplies, and are available widely because of innovating financing such as solar leasing.

“If you look out to 2014/15 — the prospects are quite extraordinary, and Australia could lead the world,” Sadler told RenewEconomy in an interview. He cited the advancement of micro investors, the introduction of “plug and play’ kits, and affordability in the mass market, as well as excellent options in the off-grid scale market. “Some researchers say Australia may be the first to reach grid parity on a mass scale. Over the next three to five years, it’s going to be one of the most active markets in the world.”

Sadler said Yingli saw growth in the residential market, and in commercial and larger scale projects. Commercial-scale systems of the 10kW to 30kW range was of particular interest to business customers struggling under the weight of rising electricity costs.. “We are moving into the second phase where merits of having a solar system are quite strong – customers will recognize the return on investment because electricity prices are so high.”

Sadler, a former executive with utility TRUenergy who has worked with retailers and in the telecommunications business, said he expected solar PV to become an attractive power hedge to consumers, and even to emerge as a “fast-moving consumer good” – in the same way as solar hot water systems, or even flat screen TVs. “I think you will see people make decisions like buying a solar PV systems instead of a flat screen TV – it’s a sensible move to take a power hedge for the next 25 years.”

Yingli will also use its new Australian branch to distribute Yingli Solar panels to the New Zealand and the Pacific Islands region.

This post was originally published on REnew Economy. It has been reposted with permission.

Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

is the founding editor of, an Australian-based website that provides news and analysis on cleantech, carbon, and climate issues. Giles is based in Sydney and is watching the (slow, but quickening) transformation of Australia's energy grid with great interest.


You May Also Like


One of ACE EV’s directors had previously helped build the “switch” vehicle, an early iteration of the ACE Cargo. The first ACE Cargo was...

Clean Power

Even though university is closed for the summer in Australia and students are dividing their time between catching some rays to patch their tans...


Australian media is awash with news of companies transforming Toyota’s Land Cruisers and Hilux into electric utes. One must ask, is Toyota blind to...

Clean Transport

The electric vehicle community is abuzz with news that BP has followed Ampol’s lead and is installing up to 60 high-speed chargers at various...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.