Yingli Green Energy Holding Co. Ltd. has announced a 300 MW PANDA monocrystalline silicon-based manufacturing capacity expansion project at its Baoding, China, headquarters.
The company has also received a project loan of RMB 1.5 billion for the financing of this expansion project and a working capital credit facility of RMB 250 million, both granted by the Bank of Communications Co. Ltd., Hebei Branch.
The new production lines will be designed to produce PV cells based on the technology developed through Project PANDA, a collaboration among Yingli Green Energy, the Energy Research Centre of the Netherlands and Amtech Systems Inc.
‘On the Project PANDA pilot line, we have already successfully produced next-generation cells with an average efficiency rate of 18 percent or higher,’ says Liansheng Miao, chairman and CEO of Yingli Green Energy. ‘Looking ahead, we expect to increase the average efficiency rate to at least 18.5 percent on the commercial production lines by the end of this year.’