Yingli guides for 2.6 GW-3 GW of PV module shipments in 2016

China’s Yingli Green Energy (NYSE:YGE) expects to ship between 2.6 GW and 3 GW of solar photovoltaic (PV) modules in 2016, after recording total PV module shipments of 2.45 GW in 2015.

"In 2015, despite the financial challenges, we achieved satisfactory performance in overseas markets. We achieved significant growth in Japanese market with annual shipment to Japan increased by over 18% year-over-year and the quarterly shipment to Japan accounted for approximately 30% of our total shipment in the fourth quarter of 2015,” chairman and CEO Liansheng Miao said in a statement presenting the company’s financial results.

By the end of April 2016, the company had secured PV module orders of over 700 MW from China alone, Miao added.

For the first quarter of the year, the company anticipates to record PV module shipments in the range of 480 MW to 510 MW. This compares with 504.5 MW in the final quarter of 2015.

The company also guided for a first-quarter gross margin of 17% to 19%. In October-December 2015, gross margin fell to 11.8%.

The projections are based on current market conditions, Yingli's current operating conditions, estimated production capacity and expected customer demand, the company noted.

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