US-based First Solar sees 2013 module shipments at 1.6GW-1.8GW

10 April 2013 02:46  [Source: ICIS news]

SINGAPORE (ICIS)--First Solar expects its total module shipments to be between 1.6 gigawatt (GW) and 1.8GW for 2013, the US-based photovoltaic (PV) maker announced late on Tuesday.

For this year, its net sales are expected to be at $3.8-$4.0bn (€2.9-3bn), including approximately $3.6bn in net sales from systems sales, the company said in a statement.

First Solar expects to generate $0.8-1.0bn of operating cash flow and has planned for approximately $350-400m in capital expenditure in 2013, it said.

In its outlook for 2014, First Solar’s module shipments are expected to increase to 1.8-2.2GW, while its net sales are expected to be $3.5-4.0bn, according to its statement.

Meanwhile, for 2015, its module shipments are targeted at 2.3-2.7GW and net sales are expected to rise to $4.2-4.8bn, the company said.

($1 = €0.76)

By: Felicia Loo

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