China’s photovoltaic industry has kept abreast with the world thanks to the constant technological advances and innovation and the hard work of more than two million professionals.
In less than two decades, China has consolidated its leadership in the industry by accounting for more than 70% of the global production capacity and market share, with product penetration expanded from a few countries to over one hundred.
China, as a major manufacturer and an important market of photovoltaic products, accounts for more than one third of the global market for photovoltaic applications. This progress made China the largest photovoltaic market in the world in 2013 and 2014.
Chinese companies, like Yingli Group, are leading the way in this industry. In the first quarter of 2015, Yingli Group shipped out up to 14 GW in total in photovoltaic modules. Our products can generate up to nearly 16 billion kwh of electricity on average every year. This is equal to the total amount of power consumed by all Beijing residents in 2014. These modules can reduce carbon dioxide emissions worldwide by nearly 9 million tons, which is equal to the emission by 1.7 million cars.
The photovoltaic industry is one of China’s few strategic emerging industries that are internationally competitive. After two decades of development, China has become the world’s principal manufacturer and user of photovoltaic products, with its key technological indicators leading the whole world.
As a major enterprise in the PV industry, Yingli has turned to innovation-driven green development, and supplies up to 76 million modules (or 18.5 GW) of its products to customers in over 100 countries and regions around the world.
Yingli’s PANDA Bifacial module has been installed on a 50MW Top Runner project in Datong, Shanxi province.
The PANDA Bifacial module is based on Yingli's PANDA n-type monocrystalline solar cell, which can generate power not only from the front side, but also from the rear side by leveraging reflected light in the environment. Therefore, the power yields of the PANDA Bifacial module can be increased by up to 30% compared to the situation when it only generates from the front side. With a maximum system voltage of 1500 Volts (V), PANDA Bifacial module can improve system performance and help to reduce overall costs by up to 3%.
We have initiated a professional zero-carbon research organization—Zero-Carbon Development Research Institute worldwide, and started preparation of building the Taihang Phoenix Valley·China Zero-Carbon City in Hebei province to develop new energy industries such as solar power, wind power, geothermal power, biomass power, environmental protection industries such as green buildings, sewage treatment and air pollution control, and science and technology industries including zero-carbon research, global energy forum, carbon trading platform.
It was proposed at the 5th Plenary Session of the 18th National Congress of CPC that China prioritize ecological protection and promote green development. On an international level, the Paris Agreement signifies a global consensus and a concerted action of international community for a sustainable future.
China is holding high the banner of tackling climate change. The development of renewable energies, such as wind and solar powers, is essential to sustainable growth towards a promising future.