Northwest Renewable News

Your Daily Source for Renewable Energy News in Oregon, Washington, Idaho, Montana & Northern California

Oregon Manufactuer SolarWorld reports triple-Digit growth February 16, 2009

Filed under: Green Jobs,Manufacturing,Oregon,Solar — nwrenewablenews @ 9:40 pm

SolarWorld Friday reported triple-digit increases in both 2008 income and revenue, reflecting strong growth in solar energy both in the U.S. and internationally.

Sales for the German company, which operates North America’s largest photovoltaic manufacturing facility in Hillsboro — converted from euros — reached $1.2 billion, up from $866 million in 2007. Aside from one-time charges, earnings before interest and taxes grew by 49 percent to $327 million. Earnings from continued operations jumped 39 percent to about $170 million.

The company said January sales exceeded sales from the same period last year, though it did not provide exact numbers.

When at full capacity in 2011, SolarWorld’s 480,000-square-foot plant in Hillsboro,OR will employ more than 1,000 people.

Portland Business Journal –


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