Renewable Energy Corp. Reducing Factory Production Levels, Laying Off Workers

In response to current market conditions, Renewable Energy Corp. ASA (REC) says it plans to reduce its production of wafers, cells and modules beginning July 1.

REC will initiate discussions with its trade unions to halt production at its oldest wafer plants in Heroya, Norway, and its solar cell plant in Narvik, Norway. In addition, REC-branded modules will not be manufactured under contract by third parties in the third quarter of the year.

These measures are expected to reduce REC's wafer production by approximately 125 MW in the third quarter, representing 30% of the wafer capacity in Norway in the quarter, while cell and module production will be reduced by approximately 50 MW in the same period.Â

The changes are expect to result in the loss of 300 employees at the company's Heroya plant and 200 employees at its Narvik plant. Polysilicon production in the U.S. and wafer, cell and module production in Singapore will not be affected by these measures, the company notes.


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