Yingli New Energy Resources Co., Ltd, one of the leading vertically integrated photovoltaic (PV) product manufacturers in China, said it has seen a substantial increase in demand since the beginning of the year, according to Reuters.
The company said that with the signs that suggest that the government’s stimulus package is working, as well as the efforts that American government has made to incite the solar sector, there is a bright future ahead of solar industry.
Meanwhile, there is a visible change of industry sentiment after the Intersolar trade show in Germany last month, according to the report.
The company experienced a tough quarter in the beginning of this year, due to weakened macroeconomic conditions globally, including tighter credit for PV system project financing, worse than normal winter weather conditions in Germany and changes in the feed-in tariff policy in Spain.
However, the company sees to achieve its second-quarter gross margin target of 18 percent to 20 percent.
Yingli together with Energy Research Centre of the Netherlands, a leading solar research center in Europe, and Amtech Systems, Inc, a global supplier of production and automation systems and related supplies for the manufacture of solar cells, announced a three-party research collaboration agreement to develop next generation high efficiency solar cells on June 1.
