Tuesday, August 14, 2007

Solar Power Companies Doing So Well They Can't Meet Demand

German solar firms boost capacity to meet demand

FRANKFURT (Reuters) - Germany's solar companies are driving up capacity to meet strong demand for renewable energy, while access to silicon remained the make-or-break factor for their second-quarter results on Tuesday.

Q-Cells (QCEG.DE: Quote, Profile, Research), the world's second-largest solar cell producer after Japan's Sharp Solar (6753.T: Quote, Profile, Research), posted a 52 percent rise in quarterly operating profit, beating analysts' forecasts.

Q-Cells now expects production output of 370 megawatts peak (MWp) this year, more than the 360 MWp it had forecast earlier, and as a result lifted its full-year outlook.

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