UPDATE 1-China's Yingli hits 1 GW in output, signs new deal

Tue Dec 15, 2009 6:25pm IST

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* Reaches 1 GW production milestone

* Polysilicon plant starts trial production

* Signs pact to sell 130 MW of modules to IBC Solar

NEW YORK, Dec 15 (Reuters) - Solar power maker Yingli Green Energy (YGE.N) said it had reached the 1-gigawatt production milestone for photovoltaic modules and its in-house polysilicon plant had started trial production.

Separately, the Yingli said it had signed an agreement to sell 130 megawatts of PV modules to IBC Solar AG in 2010.

The Chinese company began commercial production of the photovoltaic modules that turn sunlight into electricity in 2002, and now has an annual production capacity of polysilicon ingots and wafers, PV cells and modules of 600 MW.

The company's polysilicon facility, Fine Silicon, is expected to reach its full production volume of in late 2010, the company said. The facility is designed to have an annual production capacity of 3,000 metric tonnes of the material. (Reporting by Matt Daily, editing by Maureen Bavdek)

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