SAG Solarstrom bets on big Q4

Clean Energy Partners' 48MW Serenissima array, developed by SAG Solarstrom in the Italian region of Veneto.

An SAG Solarstrom-developed array in the Italian region of Veneto.

SAG Solarstrom has bet the year on a huge fourth quarter, sticking to its ambitious installation targets despite having fallen well behind due to concerns – now largely put to rest – about the EU-China solar spat.

The German PV specialist has stuck by its target of reporting an operating profit on 117MW of installed capacity for the whole of 2013.

Through the first three quarters of the year, however, Solarstrom installed just 44.4MW and was staring at an operating loss of €2.8m ($3.8m).

Solarstrom’s earnings were buoyed significantly by its profitable solar O&M business – which oversees nearly 34,000 PV systems globally, or 8GW of capacity – and its PV-generation unit.

Its Plant Construction division, however, remains by far the largest within the Freiburg company, and the Log in to read complete article.

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