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Yingli concentrates on growth markets

Yingli Green Energy’s CEO says the company will focus on supplying PV solar products to new markets

Yingli’s total shipments to new markets are forecast to increase to 23 per cent in 2013

China-based PV manufacturer Yingli Green Energy is prioritising emerging solar energy markets such as Brazil, South Africa and Malaysia, according to Chinese state media.

"We have shifted our focus [...] to the emerging markets during the past two years to [...] maintain stable growth," Miao Liansheng, founder and CEO of Yingli, told publisher China Daily.

Yingli has already won contracts in South Africa and Malaysia. The company will supply 96MW of PV modules to the Jasper PV project in South Africa's Northern Cape, one of the largest solar projects in the country.

It is also supplying 10MW of PV modules for the Amcorp Power project in Malaysia. The project is the largest single site PV power plant in the country. "We're delighted to make this breakthrough in Southeast Asia," Miao Liansheng said.

Total shipments of the company to new solar markets such as Japan, India, Malaysia, Jordan and African countries are forecast to increase from 1.7 per cent in 2010 to 23.1 per cent this year, according to Yingli.

The news follows Yingli Group setting up a solar research centre in China to help drive solar PV technology innovations and nurture the next generation of talent in the BRIC country’s solar market.

Yingli Green Energy is one of the official sponsors of the 2014 FIFA World Cup in Brazil, supplying the football stadiums with its PV solar panels.