Yingli Green Energy Holding Co Ltd (ADR)(NYSE:YGE)
Yingli Green Energy Holding Co Ltd (ADR)(NYSE:YGE), one of the world’s major solar panel manufacturers, reported that the Tempress Systems B.V. unit of the Amtech Group has commenced construction of a European bifacial PV plant with a capacity of around 400 kilowatt. The project is based next to the headquarters of Tempress and is expected to be completed in Q2 2017. It is anticipated that the yearly energy production will surpass 400 MWh.
The project will includes 1,428 company’s PANDA Bifacial units with a nominal peak power moving to 280 Watt from 275 Watt each. PANDA Bifacial modules include n-type glassy silicon solar cells that depend on the n-PERT know-how jointly advanced by company, ECN and Tempress Systems. This technology can generate power from the front and as well as from the rear by using the reflected photons.
Hence, the power output of the PANDA Bifacial unit can be improved by up to 30% compared to a monofacial standard module. Additionally, the n-type glassy silicon solar cells utilized by the PANDA Bifacial module are more sensitive to low light settings than regular p-type cells.
Yingli Green Energy Holding Co Ltd (ADR)(NYSE:YGE) reported that the PANDA Bifacial module constituted two layers of tempered glass, which swap the conventional glass structure and back sheet. It even has a 30-year-linear warranty surpassing the life time of typical modules. The PANDA Bifacial element has been independently established for harsh environmental conditions like exposure to ammonia, salt mist, and known PID risk elements.
The assignment has been advanced by Schulz Systemtechnik BV. The modules will be riding on a fixed rack – particularly advanced for bifacial modules to enhance the rear-side performance and are manufactured by Benz Alusysteme GmbH. These modules will be prepared with micro inverters to confirm optimal energy generation and observe the module performance. This assignment was possible due to a SDE+ subsidy for the encouragement of renewable power in the Netherlands.
Dr. Dengyuan Song, the Chief Technology Officer of Yingli Green Energy Holding Co Ltd (ADR)(NYSE:YGE), reported that they are delighted to receive large orders for their PANDA Bifacial module. Dr. Albert Hasper, general manager, reported that they are proud to be the first firms in Europe to mount a bifacial PV plant of extensive capacity. In addition to electricity production, this plant will be utilized as a showcase to prove the advantages of utilizing bifacial module technology.
In the last trading session, the stock price of Yingli Green Energy Holding Co Ltd (ADR)(NYSE:YGE) declined more than 2% to close the day at $2.17. The last time stock got any rating was back in September 2015, when ROTH Capital downgraded the stock to ‘Sell’ rating from ‘Neutral’ rating.
|Last Price a/o 3:21 PM EST||$2.17|
|Market Cap (mlns)||$40.15M|
|Shares Outstanding (mlns)||18.50M|
|Share Float (mlns)||1.80M|
|Short Interest Ratio||7.52|
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.