Solon’s German manufacturing plants running at full capacity

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In a significant turnaround compared to the first half of 2009, solar module manufacturer Solon said that it was seeing strong demand from the German market, resulting in its production plants in Germany now running at full capacity. Solon’s factory in Berlin has a capacity of 60MW, while the second plant in Greifswald has a capacity of 200MW. Without giving exact guidance, Solon said that revenue in the months of October and November has already surpassed the third quarter of 2009. Solon posted net revenue of €218.4 million in 3Q09.

Solon noted that strong demand, especially in the components business, is expected to continue into 2010, having booked more than 30MW for the first quarter.

Its project pipeline stands at over 70MW for 2010, resulting in the expectation that the company would achieve double-digit growth in group revenue and a breakeven group operating result in 2010.

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