German residential customers abandoning SolarWorld but European trade business grows

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Impacted by its financial woes and ingoing restructuring, SolarWorld said that PV product shipments within its German domestic market continued to decline in the third quarter of 2013.

SolarWorld said in a statement pre-announcing preliminary quarterly results that: “Due to the ongoing restructuring of SolarWorld AG, especially private customers in the German market showed reluctance to buy. That is why SolarWorld’s business with solar kits declined heavily and mere sales of modules with its weaker margins prevailed in the reporting period.”

The company also noted that due to its financial position it was unable to access loan capital for large-scale PV projects, while restructuring had not yet been completed.

Trade sales boost from Chinese EU exit

In contrast, ‘trade’ sales, notably to other European countries as well as the US, increased in the third quarter to 180MW, a 57% increase compared to the same period a year ago.

The EU anti-dumping investigation, which was provisionally settled in the third quarter of 2013, had meant an exodus of Chinese module suppliers during the summer months, making trade customers look for alternative suppliers during the typically strongest period of the year for installations.

Q3 shipments and sales

SolarWorld’s foreign sales as a percentage of shipments in the quarter jumped to 76%, compared to 61% in the first nine-months of 2012.

Shipments including external solar wafer shipments reached 427MW in the first nine months of 2013, down from 470MW in the prior year period.

The company reported revenue in the first nine months of 2013 of €345.6 million, down 26% from €468.9 million in the prior year period.

However, on a quarterly basis, sales increased from just €89 million for the second quarter of 2013, to €144.6 million in the third quarter.


SolarWorld was able to reduce losses in the first nine months of 2013 to €60.2 million, compared to €123.2 million in the prior year period. Consolidated earnings before interest and taxes (EBIT) were negative €107.2 million down from €189.6 million in the first nine months of 2012.

SolarWorld had liquid funds of €163.8 million at the end of the third quarter, flat with the prior quarter.

19 August 2021
The utility-scale PV market is poised for exponential growth and yet the industry still has many fundamental opportunities to improve on standards and best practice. Tracker shade loss has been one of those topics that deserve more attention, but has been typically handled by derate factors rather than trying to accurately forecast the loss over the life of the system. Join Nextracker’s subject matter experts, Aron Dobos and Neelesh Umachandran, and Rounak Kharait, director of solar energy assessments at DNV, for a webinar about why shade modeling matters and recommendations on what the solar industry should do about it.
25 August 2021
Energy Next is a new industry exhibition focusing on the latest renewable energy and energy efficiency technology, which will be held for the first time in 2021 in Sydney, Australia alongside the Clean Energy Council’s Australian Clean Energy Summit, the peak gathering of leaders driving Australia's energy transformation. Organised by the same people behind Australia’s largest clean energy event, All-Energy Australia, Energy Next will give visitors two days of access to key suppliers in the industry, free-to-attend professional development and industry workshops, and networking opportunities to better understand clean energy issues and solutions and learn about the latest developments in this transformational, dynamic sector.
25 August 2021
The Intersolar Summit Brasil Nordeste takes place in Fortaleza, Brazil. It addresses leading local and international experts on solar power and renewable energy in the region. The Summit’s mission is to provide in-depth education, enable high-quality networking opportunities, expand the use of PV technologies at regional and national level and strengthen the local PV industry. The Intersolar Summit Brasil Nordeste is organized by Intersolar South America - Latin America’s largest exhibition and conference for the solar industry: Solar Promotion International GmbH, Pforzheim, Freiburg Management and Marketing International GmbH (FMMI) and Aranda Eventos & Congressos Ltda, São Paulo as co-organizer.
25 August 2021
Join us to hear directly from the CTOs and heads-of-research from the top-20 cell/wafer producers to the PV industry today. The event will focus on predicting the key metrics underpinning the next big shift to n-type with answers to the key questions: When will the transition to n-type happen? Which companies will be first to 10 GW capacity and production? Who will be the key equipment suppliers for the new production lines? Which n-type process flow/architecture will emerge as the front-runner? What will polysilicon purity and wafer thickness levels look like for optimized n-type manufacturing? What will the upstream poly/wafer supply-chain look like in 5 years from now?
26 August 2021
In this webinar, JA Solar will present its product portfolio based on the latest technologies to improve your PV projects, ensuring maximum reliability and performance. During the webinar we will receive insight from JA Solar about its solar technology roadmap and how the manufacturer is providing customers with innovative solutions to suit their needs, while we will also analyse how to determine the best product solution for each solar project.
6 September 2021
The 38th European Photovoltaic Solar Energy Conference and Exhibition will be held online from 6 - 10 September 2021, allowing PV experts from all around the globe to participate with just one click! The EU PVSEC is the world's leading forum for PV Research and Development and the biggest Conference on PV Solar Energy worldwide. That is why PV experts from all around the globe are keen on gathering together each year to be part of this specialist’s event, to present and discuss the latest developments in Photovoltaics, to network and to conduct business.

Read Next

August 3, 2021
Solar developer Pacifico Energy has started building work on a 121MWdc solar project on the site of a former golf course in Japan, with juwi Shizen Energy hired as engineering, procurement and construction (EPC) contractor.
August 3, 2021
The Australian state of Victoria has unveiled six grid upgrade projects as part of efforts to unlock new renewables investment.
August 3, 2021
AES Indiana, a subsidiary of power distribution company AES Corporation, is planning to acquire and construct a 250MW PV project paired with a 180MWh energy storage facility in Indiana.
August 3, 2021
The government of Serbia has signed an agreement with US company UGT Renewables to cooperate on the construction of solar and energy storage projects in the Balkan country.
August 3, 2021
American solar panel manufacturers Auxin Solar and Suniva have filed a petition with the US International Trade Commission (ITC) to extend a tariff system for cells and modules, despite warnings that it was damaging the US solar industry
August 3, 2021
PV inverter manufacturer SolarEdge Technologies posted record quarterly revenues in Q2, thanks in part to a strong performance in Europe.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021