Solargiga saw a sharp increase in the sale of generated electricity. The Chinese company is in the process of doubling its PV module production capacity.
China’s Solargiga Energy Holdings Limited posted a 1.6% increase in annual revenue to CNY 2.9 million last year, according to its preliminary unaudited financial results.
The publicly listed PV manufacturer made CNY 2.84 million in revenue from its production business, up 1.3% over the previous year. It saw a sharp rise in the sale of electricity generated and other revenue, which increased 14.5% to CNY 66.2 million.
Solargiga reported an external shipment volume from its production business of 1,151 MW – a 13.2% increase over 2014.
Revenue and external shipment volume from the group’s production business comprise its processing service, sales of silicon solar ingots, wafers, cells and PV modules as well as the engineering, procurement and construction of PV systems.
Solargiga announced in November plans to increase PV module production by 600 MW through a new joint venture with Motech, doubling its overall capacity.