SunPower raises 2013 guidance, plans new factory

Facebook
Twitter
LinkedIn
Reddit
Email

US-based manufacturer SunPower has raised its outlook for 2013, predicting revenues of between US$2.52 billion US$2.57 billion.

The company’s third quarter results also estimated Q4 revenues of US$725 million, up from US$675 million. Revenue for the third quarter was US$657.1 million up from US$648.9 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

It also announced plans to build a 350MW factory in the Philippines, boosting its production capacity by a further 25%. The new facility is expected to open for business in 2015. All of its current manufacturing facilities are operating at full tilt.

“SunPower's planned 350MW expansion will produce our next generation, step-reduced cell technology with initial silicon starting in early 2015. This will bring our total cell capacity to more than 1.8GW when fully ramped,” said Tom Werner, president and CEO of SunPower.

SunPower, which is two-thirds owned by French oil giant Total, said it was also looking to expand its international project pipeline.

“Japan remains a key market for SunPower. In addition to our longstanding participation in the residential market, we are also increasing shipments to the commercial and power plant segments as evidenced by the recent signing of supply agreements totalling more than 90MW for two power plants projects, ” said Werner.

“Our performance in Europe was solid, as demand trends improved further and industry conditions were in line with our expectations. In our emerging markets channel, we are continuing to expand our footprint as we partner with Total to monetise our growing international pipeline.

“For example, we recently announced that in partnership with Total S.A., we will construct a 70MW merchant power plant in Chile, the largest merchant solar project in the world, with completion scheduled for 2015,” he added.

Read Next

September 10, 2025
At RE+ 2025, companies launched AI-driven platforms, terrain-following trackers, low-carbon modules, and advanced energy management solutions for solar and storage.
Premium
September 10, 2025
PV Talk: Italy’s new CfD policy offers clear support for solar developers in an otherwise uncertain legislative landscape, says Terrawatt's Patrizio Donati.
September 10, 2025
A project claimed to be Germany’s largest agriPV plant has been commissioned in the north-east of the country.
September 10, 2025
Renewables developer rPlus Energies has secured US$100 million in tax equity financing for its 125MW solar PV plant in the US state of Idaho.
September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.
September 10, 2025
Cordelio Power has started commercial operations at its 150MW Winfield solar project in Lincoln County, Missouri.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines