Yingli spokesman Li Wei
Suntech Chairman Shi Zhengrong said China would achieve solar electricity costs as low as to RMB1/kwh by 2012. Yingli also are aiming to reduce the cost of solar power to RMB1/kwh by 2012.
In June 2008, Yingli Green won a 62-megawatt project in Portugal, the largest solar energy project in the world so far.
About 50 MW of installed solar capacity was added in China in 2008, more than double the 20 MW in 2007, but still a relatively small amount. According to some studies, the demand in China for new solar modules could be as high as 232 MW each year from now on until 2012. The government has announced plans to expand the installed capacity to 1,800 MW by 2020.
By way of comparison, 3,800 MW of solar capacity are estimated to have been installed in Germany in 2007.
Officials at Yingly denies the rumors that Yingli Green Energy and SDIC Huajing Power have submitted a joint bid to build a 10-MW solar power plant in Dunhuang in northwest China at a price as low as RMB0.69/kwh (US$0.1/kwh)…. .