SolarWorld at full production load: further capacity expansions planned


Despite many PV manufacturers holding back on further capacity expansions in the first-half of 2009, major producer, SolarWorld had retained its capacity investments, which were pegged to approximately 20% of sales throughout the year. However, due to increased sales, shipments have increased 22% in first nine months of 2009. This has sparked further capacity expansion plans at its facilities in the U.S. and South Korea.

SolarWorld reported revenue of €232.5 million in the third quarter, down from €238.3 million in the same period a year ago. This was due to lower module prices but increased shipments. In the first nine months SolarWorld generated revenue of €634.1 compared to €665.4 million in the same period of 2008.

The new wafer and cell production facility in Hillsboro was successfully ramped in the first half of 2009, while its Camarillo facility completed the conversion to a new module production line. The Hillsboro facility would increase the production of crystalline solar power modules to an expected capacity of 350MW by 2011. However, SolarWorld is now planning module production in the U.S with expected expansion of up to 500MW, though no timing details were given.

At its plant in South Korea, SolarWorld had said mid-year that the nominal capacity was 110MW per annum and was fabricating modules for rural, off-grid applications in module classes of capacity ranging from 25Wp to 120Wp. SolarWorld said that it would expand capacity to 300MW, again without giving schedules.

In Germany, SolarWorld said that capacity would be increased to 450MW with the assumption this is module capacity as SolarWorld had said in its first-half 2009 financial report that the wafer capacity of its Freiberg site would reach 750MW by the end of 2009.

SolarWorld is targeting revenue of approximately €1 billion in 2009.

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

Read Next

July 17, 2024
Germany has been consistently adding over 1GW of solar PV capacity every month since March 2023, and has passed a total of 90GW capacity.
July 17, 2024
From January to May this year, 251 new solar projects became operational in the US, with a combined capacity of 10,669MW.
July 17, 2024
Total global corporate funding for solar on the other hand is down year-on-year, according to Mercom Capital Group.
July 17, 2024
US utility PacifiCorp and rPlus Energies signed a power purchase agreement (PPA) for the Green River Energy Center project in 2022.
July 17, 2024
US-based PV manufacturer Mission Solar Energy has unveiled three new modules aimed at commercial and industrial and utility-scale projects.
July 17, 2024
Liquidity is rising at great pace in US tax credit transferability for clean energy, helping lenders become comfortable with the market.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA