In 2012, solar cell and module manufacturer China Sunergy shipped around 391.0 megawatts worth of solar panels for total revenue of $292.7 million. The solar cell and module manufacturer’s sales in Germany, Japan, France and the United Kingdom have remained robust but China Sunergy is struggling with the oversupply in the global solar market. The shipments for the full year ended December 31, 2012 showed a decrease of 7.0 percent from 420.3 MW in 2011 and the company saw a net loss of $133.6 million.
As part of the company’s plans for moving forward, China Sunergy will be expanding their sales in not just the traditionally key markets but also into other emerging markets in Asia. “In early 2013, we saw the overall global market begin to rationalize in terms of supply and demand as well as pricing. Also, we witnessed that selective markets such as China and Japan are improving and as such we will continue to target opportunities in these growing markets,” said Mr. Stephen Cai, chief executive officer of China Sunergy. The company already entered the Malaysian market at the start of this year with a contract for a rooftop photovoltaic projects in Kuala Lumpur (see related story).
They also attended the P.V. Expo 2013 in Tokyo displaying their high efficiency modules. For the first quarter of 2013, China Sunergy is estimating total shipments of 100 MW to 110 MW while for the full year of 2013, they estimate shipments of between 550 MW to 600 MW. China Sunergy was founded in 2004. It designs, manufactures and delivers solar cells and modules globally from its production centers based in China and Turkey.
