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Norway

REC Makes Further Adjustments to Wafer Production

To reduce its exposure towards a continued weak spot market for wafers, Renewable Energy Corporation ASA (REC) has decided to initiate a process with the trade unions, with the intention to temporary halt 50 % of the capacity of the 300 MW monocrystalline wafer facility in Glomfjord, Norway throughout the first quarter 2012. The temporary shutdown is expected to affect approximately 65 employees. In November 2011 REC announced temporary halt of 60 % of the production at the 650 MW multicrystalline wafer facility at Herøya, Norway. After these adjustments REC expects to produce approximately 105 MW of multi- and monocrystalline wafers in Norway in the first quarter 2012. The integrated wafer, cell and module facility in Singapore and the polysilicon facilities in the US continues to operate at full capacity (1/2012).
 

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