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video GlobalClimateandAlternativeEnergy10

Outlook for Solar

Tuesday, October 12, 2010 - 03:08

Yingli Americas Managing Director Robert Petrina speaks to Reuters Insider after appearing at the Global Climate and Alternative Energy Summit.

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company's gross margins also hit a record high. Here the US the China based company recently opened offices in New York City and San Francisco. An established Yingli green energy America. Managing director Robert Katrina joins us now with a look at what is ahead for the company here in Worries at all if not let's talk about the currency or your company's business would be affected. Our Katrina thanks so much. Robert Katrina is managing director of Yingli America's I'm Rhonda schaffler businesses Reuters. Yeah these solar hit several milestones earlier this year including a start of commercial production of its poly silicon. Manufacturing facility the company's gross margins also hit a record high. Here the US the China based company recently opened offices in New York City and San Francisco. An established Yingli green energy America. Managing director Robert Katrina joins us now with a look at what is ahead for the company here in the US thanks so much for your time. Well thank you for having. You're company is projected as strong second half of the years you grow your customer base broke opportunities you see here in the US. In the US we've seen tremendous growth opportunities we establishing -- America is and June of 2009. We had an active at the perfect the market until then but really over the last year we've grown tremendously and we're looking to. Consulted our position is on the top suppliers to the US market and looks to have about a 10% market share in the 2010. Is this so is this hampered at all in the US given a lack of a comprehensive. Renewable energy policy of Washington. Well the US is as makes of a number of different markets each state is really it's on different market its own policy in place missile rules and regulations that makes it. Difficult because you really have to be an expert a number of different. Jurisdictions but the same time it makes the market. Stable in the sense that once they change its policies doesn't instantly changed outlook for -- world market. We do hope and expecting comprehensive energy policy at the federal level. But we do afterward with that current existing policies. This market has grown tremendously in 2010 but we're 2009. With the current policies in place and we anticipate 2011. To also be very very significant here. Worries at all if not let's talk about the currency or your company's business would be affected. Well you -- is certainly see things that happen very high levels. But but we really have to focus on. Make sure that we deliver to our customers -- valued product and focus on. Building our brand here as well as internationally and just billionaires all base that can take us through any difficult times had. And there are worries about difficult times here in the US are releasing any hesitation of customers in the US in terms of placing orders or planning out for future purchases based on some of the worries about the economy. No actually seeing quite the opposite I think -- industries on the few segments of the economy has grown through these last couple years. A very healthy clip. We think today economics in the returns to investors are very attractive I think that pricing for solar projects let's come down tremendously over the last two years. And currently we're in an accident environment of a tremendous under supplied and unable to fulfill the demand out there in the market. Our Katrina thanks so much. Robert Katrina is managing director of Yingli America's I'm Rhonda schaffler businesses Reuters.

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Outlook for Solar

Tuesday, October 12, 2010 - 03:08