In another sign of strong global demand for photovoltaic cells and modules, JA Solar has significantly upgraded its guidance for the first quarter ended March 31. The Chinese crystalline-silicon PV manufacturer says that, based on current customer orders and product deliveries, it now projects 1Q10 shipments to exceed 265MW, well above the high end of the previous guidance of 215-225MW that the company provided Feb. 11.
The company shipped 231MW in 4Q09, and a total of 509MW over the course of the fiscal year.
CEO Peng Fang said that “during the first quarter, we saw robust demand from existing and new customers. By streamlining the company’s existing solar-cell manufacturing facility, JA Solar is able to achieve higher-than-expected production to meet strong customer orders. We also won several new European customers during the quarter, which further diversified our customer base and provides better visibility for the full year.”
“We are making progress in winning new customers globally and are seeing strong demand for our high-quality solar products from major solar markets worldwide, including Germany, China, U.S., Italy, South Korea, Spain, France, the Czech Republic, and India,” he noted. “We are also seeing growth in emerging solar markets, such as Australia, Canada, and Japan.”
The company expects to report its first-quarter results in mid-May, at which time it plans to provide guidance for the second quarter as well as an update of its full-year guidance.
JA Solar’s current FY2010 guidance forecasts more than 900MW of shipments during the year, which itself represents a serious upward revision of the company’s earlier guidance of 750-800MW.
The company has said that it plans to have 1.1GW of cell-processing capacity online by the end of 2010, as well as 300MW of captive moduling capabilities.