SolarOne, which is based in Shanghai, China, but part of the Seoul-based Hanwha Corporation, now expects 2012 module shipments of between 825MW and 850MW, down from its previously forecast 900MW to 1GW.

Third-quarter shipments, including module processing services, were 239.5MW, up 4% on the second quarter but 19% down year-on-year.

The US-listed company posted a third-quarter net loss of 322.1m