REC Expands Wafer Production Capacity

Renewable Energy Corporation (REC) is investing NOK 1,350 million to increase the monocrystaline wafer production capacity at the existing plant in Glomfjord, Norway from approximately 35 MW to more than 300 MW by 2010. REC is well established as a leading supplier of multicrystalline wafers, but has a relatively limited monocrystalline activity at current. REC has now decided to invest approximately NOK 1,350 million to significantly expand the existing monocrystalline production plant in Glomfjord, Norway. The additional capacity of approximately 275 MW will bring the total annual production capacity of the plant to above 300 MW. “With the increased focus on high-efficiency cells within both mono- and multicrystalline technologies, it becomes strategically important for us to build a strong position within both these technologies which collectively represent around 90% of the current solar market”, says Erik Thorsen President and CEO. The expansion project will also include necessary investments to ensure that REC takes the step from being a monocrystalline ingot producer, to a fully integrated manufacturer of monocrystalline wafers. The total number of employees at the plant will increase from approximately 70 to around 180. “The move to in-house wafering of our monocrystalline material will enable us to capture more […]

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