The German solar pv giant Solarworld is going from strength to strength. Any concerns about the company now seem likely to be without foundation as the pace of its fiscal recovery has gathered momentum in the third quarter of 2014.Preliminary financial results reveal that Solarworld shipped 50% more solar pv modules in Q3 2014 than it did in the same quarter the year before, and 40% more solar pv modules than in Q2 2014.
Solarworld’s preliminary business report shows that the Germans shipped 270 MW of solar modules globally in the third quarter. This was up from 180 MW IN Q3 2013 and an increase on the 193 MW shipped in Q2 2014.
When you combine the first three quarters of 2014, Solarworld have seen a 54% increase on last year’s shipments with 602 MW of solar modules. The total shipment for 2013 was 54b MW. Solarworld had surpassed that by mid-September.
In Q3, it became increasingly obvious how important the United States solar pv market was as it grew from strength to strength. 42% of Solarworld’s shipments were placed over in the States. This is an increase on 2013’s figures of 22%. In addition, there has been a substantial increase in the amount of solar module and kit being shipped to Japan as well as Solarworld’s leading European markets.
Closer to home (Solarworld’s home) their market share in Germany has grown lightly. The company has improved its market share there for the first time in many a quarter.
Solarworld’s consolidated revenue in the third quarter of 2014 is forecast to be $230m. That figure represents a quarter on quarter increase of 26%. Consolidated revenue this year so far is up 18% on last year totalling $519m compared to $440 in 2013.
Whatever happens in the solar pv market going forward, one thing that seems certain is anyone connected with Solarworld looks set to enjoy the ride.