Module Business
- Delivered 320.5 MW of solar modules in Q4 2012, an increase of 120.6% Q-o-Q
- Nearly all shipments were Virtus modules
- For Q4 2012, the total solar module selling cost was approximately $0.60/W, a decrease from $0.65/W in Q3 2012
- Module ASPs were $0.63/W in Q4 2012, compared to $0.67/W in Q3 2012
- Gross margin for the module business was approximately 4.7% in Q4 2012
- Renesola expects total solar module manufacturing cost to decrease to approximately $0.55/W in Q1 2013
- In Q1 2013, Renesola expects shipments of the solar modules to be in a range of 280 MW to 300 MW, due to seasonality
- Full year module shipment is expected to be in a range of 1.4 GW to 1.6 GW, an increase of approximately 100% compared to 2012
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