REC Pumping Huge Investment Into Quebec Facility

Posted by SI Staff on August 28, 2008 No Comments
Categories : FYI

Renewable Energy Corp. ASA (REC) has chosen Becancour, Quebec, as the site for its next phase of silicon materials expansion. The company, in concert with Hydro Quebec and SPIB, is targeting a $1.2 billion investment.

The site will be developed in stages and could potentially hold four production units similar in size to the factory currently under completion in Moses Lake, Wash., according to REC.

‘The development of this site will enable us to continue expansion of our silicon business in the most cost-efficient manner and will consequently support REC's further growth downstream, as well as our ambitious long-term cost target,’ says Erik Thorsen, president and CEO of REC.

SOURCE: REC

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