Solargiga Energy Holdings said it expected only a 1.6% increase in revenue for 2015, despite 13.2% increase in shipments.
China-based monocrystalline ingot/wafer producer, Solargiga Energy Holdings said it expected only a 1.6% increase in revenue for 2015, compared to the previous year, despite higher product shipments.
In a financial filing, Solargiga noted that product sales (primarily ingots/wafers/cells & modules) are expected to reach RMB2,844 million (US$432.1 million) in 2015, compared to US$426 million in 2015. Preliminary product shipments increased 13.2% year-on-year to 1.15GW.
Sales of electricity from PV power plants increased 14.5% in 2015 and reached RMB66.2 million (US$10 million).