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

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

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

May 22, 2025
Prefabricated solar structure provider 5B has become the first recipient of the Australian government’s AU$1 billion Solar Sunshot Program, securing up to AU$46 million for its “Maverick” automated solar deployment system.
May 21, 2025
There is potential for cPPAs to deliver the energy transition, according to speakers at the Renewables Procurement and Revenue Summit.
May 21, 2025
US PV module manufacturer Silfab Solar has acquired a patent portfolio for back-contact (BC) solar cells from solar research firm EnPV.
May 21, 2025
The US International Trade Commission has voted unanimously to impose AD/CVD tariffs on solar cells from Southeast Asia.
May 21, 2025
Installation of the anchoring system for what has been badged the world’s first floating offshore solar-wind project has been completed.
May 21, 2025
The Chilean subsidiary of French utility Engie has started construction on a 151MW solar-plus-storage project in the Metropolitan Region of Chile.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia
Solar Media Events
September 16, 2025
Athens, Greece