Yingli Green Energy Holding Co Ltd<YGE> has announced plans to build two polycrystalline chip production lines with an annual output capacity totaling 700 megawatts, sources reported.
The two production lines, which is scheduled to start operation at the middle of 2011, will be located in Haikou, Hainan Province with 100-MW capacity and Baoding, Hebei Province with 600-MW capacity.
CEO Miao Liansheng said that the company will have a total capacity of 1.7 gigawatts after the completion of the two projects.
Yingli Green Energy had more than RMB 4 billion in cash as of Sep. 30, said CFO Li Zongwei.
The New York-listed firm, a vertically integrated photovoltaic product manufacturer, plans to put a photovoltaic laboratory into operation at the end of next year, and the lab will cost RMB 540 million.
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