SunEdison revises 2014 solar project sales forecast to 300 MW

Solar park in India built by SunEdison. Author: American Center Mumbai. License: Creative Commons, Attribution-NoDerivs 2.0 Generic

Nov 6, 2014 - US company SunEdison Inc (NYSE:SUNE) on Thursday guided for solar project non-GAAP sales of 84 MW-124 MW in the fourth quarter and updated its full-year projections to up to 300 MW.

The semiconductor materials and solar energy firm expects to complete between 335 MW and 485 MW of solar photovoltaic (PV) systems in October-December, keeping between 251 MW and 361 MW on its balance sheet.

SunEdison sees the average fully-developed solar system price per watt this quarter at between USD 2.50 (EUR 1.99) and USD 2.75.

The following table contains the company’s revised forecast for the full 2014.

2014 guidance	Updated	Previous
Non-GAAP solar project sales	260 MW - 300 MW	290 MW - 320 MW
MWs of solar plants completed	1,000 MW - 1,150 MW	1,000 MW - 1,150 MW
MWs retained on balance sheet	740 MW - 850 MW	710 MW - 830 MW

SunEdison, former MEMC Electronic Materials Inc, guided for an average fully-developed solar system price of between USD 2.50 per watt and USD 3.00 per watt in 2014.

The Missouri-based group booked a third-quarter net loss of USD 283.4 million, expanding from USD 108 million from a year back, due to impairments and marketing and administration costs. Revenues improved to USD 681.2 million from USD 611.5 million as solar energy sales improved.

(USD 1.0 = EUR 0.800)

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