LOS ANGELES, Jan 12 (Reuters) - Suntech Power Holdings Co Ltd's solar panel is sold out through at least the second quarter of 2010, a company executive said on Tuesday.
'We were basically in a sold-out situation in Q4 and we're in a sold-out situation at least through Q2,' Steve Chadima, vice president of external affairs at Suntech, said at a conference hosted by Needham and Co in New York.
'We're basically selling anything we can produce and I know we're not alone,' Chadima said.
Demand for solar power products has rebounded after a difficult 2009, when the global credit crisis dried up financing for new projects and panel prices plummeted.
Chinese players such as Suntech, Trina Solar Ltd and Canadian Solar Inc have seized on rising demand, turning their low-cost structures into sales, and several plan to boost production capacity in 2010.
(Reporting by Laura Isensee. Editing by Robert MacMillan) Keywords: SUNTECH/ (laura.isensee@thomsonreuters.com; Los Angeles Bureau +213 955 6736) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'We were basically in a sold-out situation in Q4 and we're in a sold-out situation at least through Q2,' Steve Chadima, vice president of external affairs at Suntech, said at a conference hosted by Needham and Co in New York.
'We're basically selling anything we can produce and I know we're not alone,' Chadima said.
Demand for solar power products has rebounded after a difficult 2009, when the global credit crisis dried up financing for new projects and panel prices plummeted.
Chinese players such as Suntech, Trina Solar Ltd and Canadian Solar Inc have seized on rising demand, turning their low-cost structures into sales, and several plan to boost production capacity in 2010.
(Reporting by Laura Isensee. Editing by Robert MacMillan) Keywords: SUNTECH/ (laura.isensee@thomsonreuters.com; Los Angeles Bureau +213 955 6736) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.