Centrosolar
now
expects
revenues
of
€330m-€380m
($474.1m-$545.9m)
in
2011,
down
from
its
previous
forecast
of
€420m-€450m.
Despite
the
revision,
which
it
blames
on
weak
prices,
the
company
insists
it
will
be
profitable
in
2011.
Centrosolar
recorded
an
operating
profit
of
€26.6m
last
year
against
revenues
of
€403.5m.
The
company,
which
boasts
155MW
of
production
capacity
at
its
Wismar
factory,
says
many
potential
customers
are
taking
a
“wait-and-see”
approach
to
investments,
with
the
intention
of
allowing
PV
prices
to
bottom
out.
Centrosolar
believes
that
record-low
PV
prices
could
create
a
riptide
of
demand…
