SolarWorld increased group-wide shipments by 33% to €1.16bn ($1.26bn) in 2015 from 2014, ahead of its 1GW shipment forecast for last year.

The US was the largest individual market with a share of 50%, but the company also managed to raise shipments in its German home market by more than 60%.

Consolidated revenue grew by 33% to €763m in 2015 from the year-earlier period, higher than its €700m revenue forecast.