During its Annual General Meeting (AGM) Sunways executives noted that they expect the company to double PV module sales in 2010, compared to the previous year. Demand in Germany has remained strong while overseas sales are also expected to continue to increase. However, shortages in inverter components would limit sales growth of its solar inverter range in 2010.
“We intend to continue and further expand this positive development,” noted Michael Wilhelm, Chairman of the Management Board of Sunways AG. “At the same time, we want to further consolidate our position as technology and quality leader in photovoltaics”.
Sunways said that in addition to expanding its core competences in solar cells, solar modules and solar inverters as well as to extending its distribution activities in Germany and abroad, Sunways planned to enhance its project and consultancy work as well as to develop additional, innovative business segments.