SolarWorld to miss 2016 forecasts

Share

As a topsy-turvy year for the German company begins its final stretch, the management board of SolarWorld announced that the company will not fulfil its financial predictions for 2016. And as a well known proponent of the EU’s trade measures against Chinese PV manufacturers, the company is already pointing the finger at Chinese companies for causing price drops in the industry.

Within the announcement, SolarWorld was proud to proclaim that it will achieve its shipment forecast for the year, which is 20% higher than in 2015. However, that is where the good news stops, as it said despite the increase in shipments, it is now unlikely to meet its revenue and EBIT forecasts.

Getting straight on the defensive, SolarWorld immediately looked at Chinese companies that it considers to be ‘dumping’ its products. “Domestic demand for installations in China collapsed due to the reduction of feed-in tariffs in Q3 2016. In return, Chinese manufacturers have offered their inventories at dumped prices on the global market, which has resulted in a global price decline.”

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.