SolarWorld blames Asian PV rivals for plunge into the red

With more than four and a half months left to go in 2012, SolarWorld has warned investors that it will swallow a full-year operating loss, blaming its troubles on its Asian rivals.

The German PV group – which has taken centre stage in the solar trade disputes brewing in the US and the EU – says its first-half revenues tumbled nearly 40%, despite a sizeable uptick in module shipments.

SolarWorld reported a preliminary operating loss of €143.8m ($177m) in the first six months of the year, compared to a surplus of €70.5m during the same period last year.

The result includes more than €110m in non-cash impairment charges, such as inventory write-downs.

First-half revenues fell to €340.1m from €533.6m, even as shipments grew to…

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