Norway-based Renewable Energy Corp. ASA (REC) will establish its new world-scale solar manufacturing complex in Singapore. The complex will incorporate wafer, cell and module production facilities and, when fully developed, could hold a production capacity of up to 1.5 GW.
"The development of this site will enable us to continue expanding in a cost-efficient manner and will support REC's ambitious cost target," comments Erik Thorsen, president and CEO of REC." Our future cost position will determine our ability to deliver solar products that can compete with traditional energy sources in the sunny areas of the world without government incentives."
The project concept is finalized, and pre-engineering activities have commenced, the company says. The total development will be organized in several stages through a series of interdependent projects. The initial investment decision is expected to take place as soon as the pre-engineering activities for the first phase have been completed, some time during first half of 2008.
In addition to wafer, cell and module production, the manufacturing complex will incorporate infrastructure and support facilities, as well as an on-site supplier park. Sufficient space has also been reserved for future R&D activities and possible manufacturing facilities based on potential new technologies.