On a positive note for the Chinese firm, net revenue was $625.1m, a year-on-year increase of 94.8%.

Suntech achieved 1.4GW of PV cell and module production capacity at the end of the second quarter, and plans to reach 1.8GW by the end of this year.

The Wuxi-based company has also increased its 2010 shipment target from 1.3GW to 1.5GW.

However, operating expenses for the second quarter were $132.9m,