SolarKobo Score: 3.4/5
The manufacturer's of Yingli solar modules, Yingli Green Energy Holding Company Limited was a Chinese company that was founded in 1998. It produced its first solar panels in 2003. It grew to become the world's largest shipper of solar panels in 2012-2013. But accumulating a total debt of about US$2.3 billion by 2013, Yingli fell as quickly. Driven by rapid capacity expansions, inadequate market capitalization and a lack of profitability, in June 2018, they were delisted from the New York Stock Exchange and in September 2020, its parent company and chief creditor, Yingli China asked the Grand Court of the Cayman Islands to liquidate Yingli Green Energy Holding Co Limited as insolvent and unable to pay debts owed to Yingli China.
Presently, Yingli is being restructured in the hope of eliminating its debt profile and revitalized. The on-going restructure is expected to revitalize the Yingli solar brand. Though the company Yingli Green Energy Holding has been disbanded, the Yingli solar brand still remains but only as Yingli. (With the ratification of its solvent status, all shareholders in the company were left with nothing while the company continued operations.) Formerly graded a 'Tier 1' company by Bloomberg alongside Sunpower, Canadian Solar, REC, JA, Panasonic, Jinko, Trina, LONGi Solar and LG, it is hoped that the restructuring will help the brand return to its place among the top solar panel brands.
FUNFACT: Yingli supplied modules to 2014 FIFA World Cup stadiums, including the Maracana Stadium in Rio de Janeiro.
Range of Solar Panels
Yingli produces a range of polycrystalline, half-cut panels, shingled cells, MBB, monocrystalline PERC panels and bifacial panels. (Read about the different types of solar panel technology here.) Yingli offers its panels in black or silver aluminium frames in power ratings of 270W up to 370W. They also have high-power panels with power ratings up to 440W.