Tag Archives: Vishal Shah

Yingli Shelves North America Plant… for Now

The falling Euro hurts Yingli Green Energy Americas

Yingli Green Energy Americas, Inc. has shelved plans to open a new North American manufacturing facility in either Austin or Phoenix, citing global financial turmoil that is hurting solar panel pricing.

Yingli’s U.S. Managing director Robert Petrina tells the Austin American-Statesman that the project is merely on hold and, “the U.S. is a big part of our plans.” However, the company is seeing its main advantage over Western solar PV firms – its low production costs – evaporate as the Euro and solar panel prices fall. Continue reading Yingli Shelves North America Plant… for Now