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Yingli Solar
Yingli Solar was founded in 1998 by Miao Liansheng in Baoding, Hebei province, establishing itself as one of China's earliest photovoltaic manufacturers.
Yingli Solar
Yingli Solar was founded in 1998 by Miao Liansheng in Baoding, Hebei province, establishing itself as one of China's earliest photovoltaic manufacturers. The firm's wealth originates from the manufacturing and global sale of integrated PV cells and modules, which funded a downstream expansion into solar project development. Yingli operates over 20 offices worldwide and retains its corporate headquarters in Baoding's High Tech Zone, supported by manufacturing bases in Tianjin, Hengshui, and Haikou, plus a U.S. headquarters in Philadelphia. Deployment strategy bridges industrial manufacturing and asset ownership. Yingli produces c-Si modules at scale — it was a member of the Silicon Module Super League — while also developing and owning solar energy projects directly. Its geographic reach spans Asia, North America, Europe, and emerging markets across more than 40 countries. The firm's relationship with Huawei, formalized in 2021 through the Baoding New Energy Power Joint Innovation Laboratory, points to a technical focus on smart PV and grid integration. Project ownership rather than pure equipment sale defines the firm's structural posture as an asset owner. A 2021 restructuring reshaped the firm's governance. The Baoding Municipal Government participated as a co-investor through local government investment platforms, injecting capital that brought Xulong Yin into the chairman role. In September 2021, Yingli and Huawei established their joint innovation laboratory in Baoding, signaling continued operational commitment to R&D despite earlier financial restructurings (per the firm, 2021). The firm maintains manufacturing scale through its Hebei province industrial assets and a National Technical Standard Innovation Base for photovoltaics. The firm's hybrid structure distinguishes it. Unlike pure-play manufacturers, Yingli operates as a corporate investor with direct project ownership, while unlike independent power producers, it retains large-scale module fabrication. This dual identity — manufacturing for third parties while building its own project portfolio — creates a sourcing advantage and a structural hedge uncommon among solar enterprises. Post-2021, the government-backed governance brings stability alongside a public-policy alignment that influences both capital allocation and project selection.
General information
Firm type
Corporate Investor
Year founded
1998
Location
Region
Asia
Country
China
City
Baoding
Corporate office
No. 2599, Xiangyang North Street, High Tech Zone, Baoding City, Hebei, China
Additional offices
Tianjin, China · Hengshui, China · Haikou, China · Philadelphia, PA, United States
Principals
Miao Liansheng
Founder
Xulong Yin
Chairman of the Board of Directors
Sector focus
Frequently asked questions
Who makes investment and asset allocation decisions at Yingli Solar?
As a corporate investor, strategic decisions originate from the Board of Directors, currently chaired by Xulong Yin following the 2021 restructuring. Founder Miao Liansheng, who built the firm from 1998, established the enterprise's growth posture. Day-to-day project investment and manufacturing operations are managed through the corporate structure headquartered in Baoding.
Does Yingli Solar own solar projects outright, or does it primarily manufacture panels for third parties?
Yingli does both. The firm manufactures integrated photovoltaic cells and modules for global sale, but also develops and owns solar projects across its 40-country footprint. This dual posture — manufacturer and asset owner — is what distinguishes its deployment model from pure-play fabrication companies.
How does Yingli Solar's restructuring in 2021 affect its investment posture?
The 2021 restructuring brought a capital injection through Baoding municipal government investment platforms and installed Xulong Yin as chairman. This government-backed governance layer adds public-policy alignment to the firm's decision-making, potentially steering project selection toward provincial and national energy goals while providing balance-sheet stability.
What is Yingli's relationship with Huawei?
In September 2021, Yingli and Huawei established the Baoding New Energy Power Joint Innovation Laboratory focused on smart PV, energy storage, and grid integration technologies. The collaboration signals Yingli's technical investment in next-generation solar infrastructure beyond traditional module manufacturing.
What geographies does Yingli Solar prioritize for project development?
Yingli operates in over 40 countries, with a manufacturing base concentrated in Hebei province (Baoding, Hengshui), Tianjin, and Hainan. Its U.S. headquarters in Philadelphia supports North American project activity, while its global offices span Asia, Europe, and emerging markets. The firm's historical strength lies in China and utility-scale export markets.
How is Yingli Solar's manufacturing capacity structured?
The firm maintains four named manufacturing bases: its Baoding headquarters, a Tianjin base, a Hengshui facility in Hebei, and a newer Haikou base in Hainan province. Yingli was historically categorized as a Silicon Module Super League member, denoting top-tier global manufacturing scale for c-Si modules.
Does Yingli Solar manage third-party capital or operate as a fund?
No. Yingli Solar operates as a corporate asset owner, investing its own balance sheet into both manufacturing capacity and project development. There is no evidence of an external fund management arm or third-party limited partner structure.
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