Your daily dose of photovoltaic technology developments and solar news

• Most Popular Articles

  • Q-Cells CEO exits amid investor anxiety
  • Moser Baer achieves 7.3% module efficiency through its proprietary process
  • Solar photovoltaic market grew 6% in 2009, says Solarbuzz
  • Yingli Green to add 300MW of capacity; tops $1B in annual revenues, achieves record module shipments
  • Project Focus: SunPower scores 200MW rooftop PV contract with Southern California Edison

• Popular Technical Papers

  • Photovoltaic Fab Managers’ Forum Review
  • Photovoltaic industry 2009: a journey into uncertainty
  • Overview of automation in the photovoltaic industry
  • Thin-film CIGS starts to come of age
  • CIGS, CdTe thin-film PV equipment sector emerges, standardization remains elusive

• Subscribe to our weekly newsletter

  Name
  Job title
  Company
  Email

One of the largest diversified equipment and service providers to the photovoltaics industry, centrotherm photovoltaics AG, posted an increase in revenue for 2008 of over 125% to reach €374.7 million compared to €166.2 million in 2007. Order backlog stands at €990.2 million at the end of 2008, of which the company expects to convert 60% into revenue this year. Total revenue guidance was set between €500 million and €550 million for 2009, potential growth of over 40% year-on-year.

"We achieved all the growth objectives we had set ourselves for 2008," commented Robert M. Hartung, CEO of centrotherm photovoltaics AG. "However, there are further reasons why last year was a successful one for us, despite the global financial and economic crisis. The acquisition of some specialist providers allowed us to consistently implement our strategy of integrating key equipment and technology into the Group, which secures us access to key technologies, and helps us recruit globally recognized engineering and technology experts."

The sales success was partially attributed to the company’s expansion overseas, establishing service and sales locations in Taiwan, the USA and Italy during 2008.

centrotherm photovoltaics said that in the first three months of the year, it had already signed orders from Asia and Europe with a total volume of around €390 million.