After superb 2008, SOLON expects moderate growth in 2009

Latest

Facebook
Twitter
LinkedIn
Reddit
Email

According to its 2008 Annual Report, SOLON continues to be among the fastest growing solar companies in Germany, but due to an unstable market, is expecting moderate growth in 2009. 

While the company sees potential for further growth, the economic crisis creates a lack of predictability in terms of how much SOLON could potentially grow in 2009.  Since performance in the U.S. and southern Europe cannot be estimated clearly, SOLON has decided not to make public any fiscal targets until later in the year.  

In terms of 2008, revenues improved by 62% to €815.1 million, with the System Technology segment responsible for 55%.  The company experienced a production increase of 49% at 176MWp, with the total operating performance increasing by 70% to €875.3 million.  SOLON earned €60 million before interest and taxes, up from €35.2 in 2007.  Earnings per share went up from €2.16 to €2.46.  The company, as a whole, increased those employed from 706 to 943.  While the company has presence in over 20 countries, the majority of the revenue in 2008 was made in Spain and Italy.

The Spanish market became the largest for the first and possible last time as PV installations topped 2.5GW in 2008, before the Spanish Government imposed a 500MW cap and refocused FiT’s to rooftops and away from large-scale solar energy plants.

Although recent market projections point to further rapid growth in Italy, potentially reaching nearly 1GW of installations for 2009, the hole left by Spain could prove difficult to fill and would seem to affect SOLON’s ability to grow at similar rates seen in 2008.

29 November 2022
PV ModuleTech EMEA in Malaga on 29-30 November 2022 will address the factors underpinning the changing PV module landscape, gathering together all the key stakeholders across the value-chain from module production to field testing. Join us for presentations from the leading players in the sector, clearly identifying the opportunities and challenges set to impact module supply to Europe and the Middle-East over the next few years.
7 December 2022
Intersolar is the world’s leading exhibition & conference series for the solar industry. As part of this event series, Intersolar India in Gujarat is India’s most pioneering exhibition and conference for India’s solar industry. It takes place annually and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. Since 2019, Intersolar India is held under the umbrella of The smarter E India – India’s innovation hub for the new energy world.
14 February 2023
Intersolar North America (ISNA) and Energy Storage North America (ESNA) is the premier US-based conference and trade show focused on solar, energy storage, and EV charging infrastructure. Dedicated to accelerating the energy transition, the combined event delivers actionable education, invaluable networking, and an immersive expo hall experience.
22 February 2023
After a record breaking year at the Energy Storage Summit, join us next year at the 8th edition in 2023 where we are expanding in line with the increased opportunity across the renewable sector. As we see this continued growth of the industry through change in government policy, increased capital and a need for grid resilience in geographies with high renewable penetration, can the necessary scale be met across the value chain in order to meet net-zero goals in Europe? We will gather industry leaders across the sector to discuss a range of vital topics including the most lucrative markets for storage and what the best route to market strategy is for your storage asset, changes needed in policy and infrastructure, as well as the effects of the supply crisis, disruptive technologies and much more.
14 March 2023
PV CellTech will be return to Berlin on 14-15 March 2023 and looking at the competing technologies and roadmaps for PV cell mass production during 2024-2026.
21 March 2023
Large Scale Solar Summit is the meeting place for European solar developers, EPCs and IPPs. Designed to look into ground-mount PV, solar + storage, green hydrogen, floating solar and large scale commercial rooftop. With around 300 attendees expected, this is the place to exchange ideas and knowledge, expand your network and win new business.

Read Next

Subscribe to Newsletter

Most Read

Upcoming Events