Despite the severe revenue impact that the Great East Japan earthquake had on Sharp operations and uncertainty over providing full-year financial forecasts, the electronics firm has provided a business forecast for its FY2012. Sharp said at a press conference held in Japan that its operating profit may grow to 97 billion yen (US$1.2 billion), an increase over last years results of 78.9 billion yen.
The company was reported to have guided an increase in solar module sales that could equate to shipments of 1.7GW, up from 1.24GW in FY2011.
Sharp has previously announced the ramping of tandem-junction amorphous-silicon thin-film production at its new facility in Sakai, Japan, and module assembly capacity expansions at its European manufacturing hub in Wrexham, UK, which services sales across Europe. New c-Si cell capacity and advanced cell technology were also being ramped at its Sakai facilities.
Only this week, IMS Research revised its PV installation forecast for Germany and other regions, indicating that the rapid fall in module prices and planned FiT cuts in such key markets as Germany would spur a new wave of installations this year that could exceed 7GW this year.