SolarWorld Expects Growing Photovoltaic Market But Falling Prices for Modules

At the annual press conference, SolarWorld CEO Frank Asbeck said he expected the German photovoltaic market to grow from 3 to 4 or 5 GW this year despite the proposed cuts of the solar feed-in tariffs. He expected international markets to grow by 30% to 10 GW. 

Mr Asbeck anticipates prices for solar modules to go down further, but said his company was well equipped for the future.

SolarWorld confirmed its target to exceed the 2009 turnover of EUR 1.01 billion significantly.  Turnover in Q1 was considerably higher than in the previous year, as many customers still wanted to benefit from the current solar feed-in tariffs, Mr Asbeck said.

Mr Asbeck did not make a forecast with respect to the net profit. The effect of the proposed cuts of the feed-in tariffs on prices and demand was not yet clear, he said.

Sources: Reuters, Handelsblatt

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