July performance of solar firms likely to show growth

Settled incentive programs in Italy and Germany has been helping solar firms in July sales. Solartech reported July revenues of NT$1.07 billion (US$37 million) with a 9.52% on-month increase and 39.90% on-year increase. The accumulated revenues from January-July were NT$7.906 billion with a 98.45% on-year increase. Solartech stated that capacity utilization rate in July was full and expects the rate to remain in August.

Orders for solar wafer firms also have been increasing. The market predicts growth in July performance but due to steady contract prices of polysilicon, the growth will be smaller in magnitude compared with solar cell firms.

http://www.digitimes.com/news/a20110801PD217.html

Source: Digitimes