US market boosts first-half sales of SolarWorld

Doubled shipments to the solar market in the United States drove the 40% jump in sales that German photovoltaics (PV) maker SolarWorld AG (ETR:SWV) recorded in the first half of 2015,

The US business had a 52% share in the group's total shipments of modules and kits over the period, the company said in its consolidated interim report released today.

SolarWorld confirmed its preliminary results for an EBITDA of EUR 10 million (USD 11m) on revenues of EUR 320 million, and shipments of solar modules and kits of 440 MW.

SolarWorld noted that volumes sold in July boosted its current order backlog for 2015 to more than 500 MW bringing it a step closer to the full-year target of 1 GW.

Over the second half of the year the company will deliver modules to several international large-scale projects. The biggest single order has a volume of 50 MW, which will be delivered to a project in Central Asia.

"In the remaining months of this year, we will concentrate our efforts on continuing the growth trend and further reducing costs to achieve a positive operating result for fiscal year 2015, as planned, said Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld".

(EUR 1 = USD 1.114)

Choose your newsletter by Renewables Now. Join for free!