Renewable Energy Corp. ASA (REC) says it will permanently shutter its operations in Glomfjord, Norway. The location is home to a 300 MW monocrystalline wafer plant.
‘Our organization in Glomfjord has demonstrated operational improvements and cost reductions that are impressive, but this has unfortunately not been sufficient to ensure profitability in a very challenging market environment,’ says Ole Enger, president and CEO of REC.
The closure will affect approximately 200 employees, REC says.
In January, REC announced it would temporarily halt 50% of production capacity at the Glomfjord plant.Â
