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Yingli Green Now Biggest Solar Company, Showing Chinese Solar Might

 
Yingli Green Energy is now the biggest global solar company in terms of annual solar panel manufacturing.

Image Credit: solar panel farm via Shutterstock

PV-Tech noted recently that the Chinese photovoltaic (PV) manufacturer leapfrogged past Suntech Power Holdings, who was number one in 2011.

Firm fourth quarter demand helped to catapult Yingli to the top spot, with total year shipments of 2.26 gigawatts (GW), surpassing its targets while beating its competitors in total shipments in every quarter last year.

“Despite the tremendous challenges to the global PV industry, we’re extremely inspired to have continuously expanded our market share throughout 2012 not only in the existing markets but also a number of emerging markets. According to public data to date, we believe that Yingli has evolved into the world’s largest PV module supplier,” said Chairman and Chief Executive Officer of Yingli Green Energy Liansheng Miao on the company being the world’s number one solar business.

The growth of Chinese solar companies in recent years has been quite astonishing. In 2011 alone, five of the top ten solar module companies were from China.

Meanwhile, by 2010, 45% of global solar panel production came from China. That compares to just 1% in 2001.

Top solar power production companies. Credit: Uschinatrade (some rights reserved)

Add to the falling costs of solar panels in recent years, and it’s no wonder why Chinese manufacturers, like Yingli, have dominated the global solar industry.

A Telling Tale of Emerging Market Brands

With Yingli being around since 1998, its rise to number one is a telling tale of emerging market brands on the global stage. From supporting clean energy alteratives for the FIFA World Cup, to boosting its home country’s solar goals, it’s a telling tale how one company is leapfrogging old energy technologies to boost not only their own, but China’s global image.

 
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Written By

is expected to complete the Professional Development Certificate in Renewable Energy from the University of Toronto by December 2017. Adam recently completed his Social Media Certificate from Algonquin College Continuing & Online Learning. Adam also graduated from the University of Winnipeg with a three-year B.A. combined major in Economics and Rhetoric, Writing & Communications in 2011. Adam owns a part-time tax preparation business. He also recently started up Salay Consulting and Social Media services, a part-time business which provides cleantech writing, analysis, and social media services. His eventual goal is to be a cleantech policy analyst. You can follow him on Twitter @adamjohnstonwpg or check out his business www.salayconsultiing.com.

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