China-based PVEP Shunfeng International Clean Energy expects to report a return to profitability for 2014 on the back of increased solar cell and module shipments and PV power plant electricity generation.
Preliminary figures reported by Shunfeng show solar cell shipments reached 863.4MW in 2014, a 79.7% increase from 480.5MW in the previous year.
PV module shipment contribution from Wuxi Suntech were said to have reached 663.7MW in 2014, up from only 22MW in 2013, a 2,916.8% increase due to the acquisition of the company from receivership and the restart of module production.
However, module shipments were below previous guidance of 1.3GW to 1.5GW from a nameplate capacity of 2.4GW. Wuxi Suntech had 763MW of modules produced and registered in court filings in 2013.
With shipments said by Shunfeng to have reached 663.7MW in 2014 its market ranking position based on shipments would not be sufficient for the company to re-enter the top 10 rankings and falls below those recently reported by SolarWorld.
Wuxi Suntech’s module shipments in 2014 place the company in the lower half of the top 20 rankings for the year.
Shunfeng also reported its aggregate volume of electricity generated by PV power plants of approximately 606,690 megawatt-hours for 2014.