SolarWorld and REC report identical PV shipments for 2015

Facebook
Twitter
LinkedIn
Reddit
Email
REC Solar has reported PV module shipments of 1,159MW for 2015.

Integrated PV module manufacturer REC Solar has reported PV module shipments of 1,159MW for 2015, compared to European headquartered rival, SolarWorld that had reported total ‘product’ shipments, of exactly the same figure. 

REC Solar is no longer a publically listed company and consolidated into Norway-based Elkem Group, owned by Chinese investment firm China National Bluestar Group, but provides certain quarterly and full-year claimed financial and business metrics. 

This article requires Premium SubscriptionBasic (FREE) Subscription

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

The company said that revenue increased 11% in 2015 to US$775 million on the back of PV module shipments increasing 26% to 1,159MW. Module shipments were said to be running at full annual production capacity of 1.3GW in the second half of the year. The company remained sold out at the end of the year.

The company said that revenue increased 11% in 2015 to US$775 million on the back of PV module shipments increasing 26%.

However, fourth quarter shipments were 307MW, down from a peak in 2015 of 361MW in the second quarter of 2015.

Fourth quarter shipments were 307MW, down from a peak in 2015 of 361MW in the second quarter of 2015.

As expected, (major SolarCity supplier) REC Solar’s sales to the US accounted for over 50% of shipments (616MW) in 2015, while sales in the UK market (160MW) were said to account for over half of REC’s sales volumes (297MW) in the EMEA region last year.

The utility-scale market was said to account for 63% of sales in 2015

The utility-scale market was said to account for 63% of sales in 2015, while 34% was attributed to the residential market on a global basis. 

REC did not supply other financial information such as profit and/or loss figures for the year. 

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Sydney, Australia