Yingli Forecast Will Make It Biggest Solar-Panel Supplier

29 Nov. 2012 by

BLOOMBERG - Yingli Green Energy Holding Co. (YGE), a Chinese solar manufacturer, expects to become the world’s biggest panel supplier this year as domestic sales surge, its chief executive officer said.

Panel shipments for the year will be 2.1 gigawatts to 2.2 gigawatts, up as much as 37 percent from 2011, the Baoding, China-based company said in a statement today. Yingli also expects gross margin to rebound to as high as 2 percent in the current quarter after reporting its first negative margin for the third quarter.

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