Japanese thin film PV manufacturer, Solar Frontier has posted an operating loss of JPY 7.8 billion (US$73.2 million) for 2017, as it continues to rejig its business strategy and consolidate production in Japan.
Solar Frontier has halted operations at its 150 MW Tohoku plant in northeastern Japan and has revealed plans to shut down production at its 50 MW plant in Miyazaki prefecture in late December, in line with plans to consolidate production at its flagship 900 MW Kunitomi facility, which is also located in the southern prefecture.
The CIS thin-film PV specialist has posted an operating loss of JPY 3 billion ($26.4 million) in the three months to March 31, from JPY 2.6 billion a year earlier. Net sales fell 41.3% on the year to JPY 22.2 billion.
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