A Closer Look, Politics & Policies

Renewable Energy Corp Closes Norway Solar Wafer Plant and Eliminates 460 Jobs

Renewable Energy Corp ASA (REC), Europe’s

second-largest polysilicon producer, is closing its second wafer

factory in five weeks after competition from Chinese rivals

drove down prices by more than two-thirds for the material used

in solar panels.

REC will cease production at the plant in Heroya, Norway,

in the second quarter, eliminating 460 jobs, REC said today in a

statement…

Source:

Read more @ REC Closing Norway Solar Wafer Plant on China Competition – Bloomberg.

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