OPEL Solar posts increased revenue for 2010

April 18, 2011
Facebook
Twitter
LinkedIn
Reddit
Email

OPEL Solar International has finalized its financial statements for 2010 declaring increased revenues for both the fourth quarter 2010 and full 2010 year. Revenue for Q4 2010 was finalized at US$375,747, which contributed to its 2010 revenue total of US$1,647,638. Both the Q4 and full year results show an increase in revenue over figures for the same period in 2009.

OPEL attributed its fourth quarter revenue to two particular milestones for the company. The first was a 446kW solar power plant order by Toray Plastics, while the second was the joint venture the company entered into with Ecotech Environmental Technology of Hong Kong. The JV led to the formation of OPEL Solar Asia, which had a recent initial purchase order increase from 2MW to 5MW.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“With our recent bookings OPEL will be well positioned for growth in 2011,” said Michael McCoy, OPEL's Chief Financial Officer. “I am also pleased by the recent endorsement for our POET technology by third parties and the possibilities that the enhanced POET intellectual property portfolio has provided the company.”

OPEL acknowledges that it considered the hard hit economy, without forfeiting future revenue growth, by cutting expenses for the year by over US$540,000. Since December 31, 2010, OPEL reports it had US$6,934,107 of cash, short-term investments and no debt.

Read Next

October 31, 2025
US thin-film module manufacturer First Solar has unveiled plans to build a new 3.7GW manufacturing plant in the US in 2026.
October 31, 2025
Australia's solar and energy storage sectors delivered transformative performance during the third quarter of 2025, with grid-scale solar generation reaching 1,699MW average output while battery systems expanded capacity by 2,936MW since Q3 2024.
October 31, 2025
Acen Australia has committed to recycling around one million solar modules from its 400MW Stubbo solar PV power plant in New South Wales.
October 30, 2025
Scatec posted development and construction (D&C) revenues of NOK1,760 million (US$175.1 million) in the third quarter of this year.
October 30, 2025
Global net zero by 2050 is now “impossible” and the world is on course for temperature rises of 2.6°C, according to energy market analyst Wood Mackenzie.
October 30, 2025
US microinverter producer Enphase Energy posted increased revenues, margin and income in Q3 2025, as it doubles down on its US manufacturing operations.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany