China’s Shunfeng International Clean Energy expects to double its revenue and profit this year, due largely to an acquisition it made a year ago and the connection of more of its solar power plants to the grid, its chief executive said.

"This year our revenue will double, so will our profits," Eric Luo told Reuters in a telephone interview.

"It’s mainly because we are going to have full contribution from Wuxi Suntech this year," he said, referring to a major domestic solar panel maker it acquired in April last year. Crushed by a global glut of solar panels following the global debt crisis, Wuxi Suntech filed for bankruptcy protection in 2013 and went through a debt restructuring after a default by its parent company - once high-flying solar manufacturer Suntech Power.

Shunfeng, with a market value of $2.2 billion, posted a net profit of 1.3 billion yuan ($210 million) for 2014 on revenue of 5.7 billion, including 5 billion from panel manufacturing.