Supporting the development of a solar manufacturer

 

PROPARCO has signed in November 2008 a 25 MUSD loan agreement with Baoding Tianwei Yingli New Energy Resources Co. Ltd to finance an integrated production line of photovoltaic modules for an additional capacity of 200 MWc.
 
Baoding Tianwei Yingli New Energy Resources Co. Ltd, a Chinese company based in Baoding, 180 km south of Beijing, has developped since 1998 its expertise in the design, production and distribution of PV modules. With a current production capacity of 200 MWc in each of the intermediary segment of the value chain – ingots, silicum wafers, cells, modules, Tianwei Yingli has becomed now one of the first integrated producer in the world. Tianwei Yingli is the main operational subsidiary of Yingli Green Energy Holding Company Ltd, its parent company listed on the NYSE since June 2007.
 
The photovoltaic sector is growing tremendously in the recent years, with still a huge potential as the current electricity production from solar is just 0.1% of the total worldwide power production. The demand for solar modules will probably grow at an annual average rate of 34.6% up to 2015 to reach an annual demand of roughly 22 GW. This growth is the combination of various factors: in the short term, many governments have set up incentive program in order to meet their renewable energy production and international green house gas emission targets ; in the mid term, the competitiveness of the power production cost from solar sources in comparison with fossil energy, as the parity is expected to be reached in 2012-2015.
 
This project will allow annual green house emission reduction of 63.200 teqCO2 per year and a cumulated net reduction of 1.706.400 teqCO2 over 30 years (the average life of solar modules), taking into account the power consumption used for the modules production.
Last update in September 2010