25 Feb '14, 9am

REC Solar plans module capacity expansion to 1.3GW: PV module cash costs were reported to have decreased by 10...

REC Solar ASA to expand module capacity to 1.3GW at Singapore plant. Image: REC Solar The company reported that internal ingot/wafer capacity in Singapore stood at 640MW, solar cell capacity at 770MW and module capacity at 910MW. Image: REC Solar The company would continue with manufacturing cost reductions that were expected to fall by between 8-12% in the year. Image: REC Solar REC Solar ASA reported fourth quarter 2013 revenue of US182.4 million, up 17% from the previous quarter.Image: REC Solar Running at full-capacity and benefiting from the weakness of remaining European module manufacturing competitors in Europe, REC Solar ASA is planning to expand capacity 1GW in 2014 and a further 300MW in 2015 to meet demand. The company expects to undertake module assembly line de-bottlenecking in the first quarter of 2014 at its fab in Singapore to provide a full-year PV module...

Full article: http://www.pv-tech.org/news/rec_solar_plans_module_capaci...

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