China-based integrated monocrystalline PV manufacturer Solargiga Energy Holdings has reported preliminary 2017 financial results, highlighting a record 57.3% increase in external product shipments.
Solargiga reported preliminary total 2017 revenue of RMB 3,964 million (US$616.2 million), up 31.2% from the previous year.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Total external product shipments (silicon ingots, wafers, cells and PV modules) reached 2,427.8MW, up 57.3% from the previous year shipments of 1,543.4MW.
PV Tech had previously highlighted that the company had seen a strong rebound in demand in the first half of 2017 as demand in China increased for high-efficiency wafers including N-type wafers for ‘Top Runner’ PV power plant projects.
In mid-2017, Solargiga had monocrystalline ingot and wafer manufacturing capacity of 1.2GW and had external PV module shipments of 616.5MW. Total shipment volume increased from 749MW in the first half of 2016 to 1,161MW in the first half of 2017, representing an increase of 55%.
Second-half product shipments were around 1,266MW, while revenue was RMB 1,974 million, relatively flat with the first-half of 2017.