Updated: Feb 24, 2022
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.
Yingli recently unveiled its Panda Series that uses technology developed by two of the world's leading innovators of microgeneration technology, the Energy Research Centre of the Netherlands (ECN) and Amtech Systems Inc.
Yingli offers an industry standard 10-year limited product warranty on its panels. Yingli also guarantees that their panels will retain 92% of the minimal rated power output after 25 years. All You Need to Know About Solar Panel Warranties.
TUV Rheinland, the German independent product testing service provider regularly inspects Yingli's production facilities to ensure that their panels meet all the standards of excellence required by the International Electrotechnical Commission (IEC) and the Underwriters Laboratories. The aluminium frames of their panels are independently certified to withstand mechanical loading strengths of as much as 5400Pa, and to ensure they remain stable throughout their 25 year life-span.
Yingli has a strong reputation in the Nigerian market that is justified by the reliability of its modules. They are sold at for mid-range prices making them a cost-effective option for high-value, strong, high-performance and durable solar panels. We are ever confident to recommend it to buyers.
SolarKobo is a stockist and retailer of Yingli solar panels in Nigeria. We help our clients in Lagos and elsewhere in Nigeria make the best possible choice of solar panel brands. We also have university-trained engineers who provide the best possible installation services on order.