Asian solar cell manufacturers fuel growth at centrotherm photovoltaics

Facebook
Twitter
LinkedIn
Reddit
Email

Aggressive capacity expansion plans at Asia-based solar cell manufacturers has forced centrotherm photovoltaics to raise its revenue guidance to between €580 million to €600 million for 2010. Centrotherm had previously projected revenue growth of between €550 million and €580 million. Revenue in the first six months of 2010 increased 5.4% to €278.3 million.

Its ‘Solar Cell & Module’ segment reported the best operating result in the company’s history, with 23.4% EBIT margin for the first six months of 2010, and 27.2% in the second quarter. Revenue in the segment was up by 13.6% to €90.7 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Total order backlog amounted to €864.0 million, more than one and a half times the 2009 revenue level.

“It is particularly the premium cost leaders among solar cell and module providers who are increasingly opting for our technologies and systems,” noted Robert Hartung, CEO of centrotherm photovoltaics. “This is why we are also thriving in a solar cell and module market that is characterized by overcapacities.”

The company noted that as a result of a contract with Qatar Solar Technologies (QST) worth around €150 million and the continued high demand for single equipment items to produce crystalline solar cells and modules, new order inflow amounted to €275.3 million in the April to June alone. A service and sales company will soon go into operation in Qatar.

Highlighted developments at centrotherm photovoltaics included the successful ramp-up of two turnkey lines for crystalline solar cell production at LG Electronics. The company said that Korean electronics group is planning a further capacity expansion.

However, its ‘Thin Film Module’ segment saw revenue fall to €7.2 million, compared to €26.8 million in the same period a year and reported a loss of €16.2 million compared to a loss of €2.9 million in the previous period.

The increase in losses were said to be due to project costs, and process and technology development costs as part of the CIGS thin-film project for a Taiwanese customer.

Read Next

July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
July 4, 2025
Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.
July 4, 2025
Risen Energy’s mass-produced heterojunction (HJT) modules have reached a cell conversion efficiency of 26.61%, a record figure for the company.
July 4, 2025
The US House of Representatives has passed the final version of the reconciliation bill that is now going to US President Donald Trump’s desk for his signature before its passing.
July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK