New solar plant by 2010

Your Renewable News, 4 Nov 2008

A NORWEGIAN energy company on Friday broke ground on a two billion US dollar (S$3 billion) plant in Singapore that will produce solar wafers, cells and modules.

Renewable Energy Corporation (REC) said the three billion Singapore dollar facility, which comprises the first phase of the Norwegian firms planned investment in Singapore, would start operations in the first quarter of 2010.

It is expected to produce 740 megawatts of wafers, 550 megawatts of cells and 590 megawatts of modules by 2012. Estimated annual turnover is between 2.5 and 3.0 billion Singapore dollars, it said.

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