The Energy Blog: REC to Build World's Largest Solar Manufacturing Complex in Singapore

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October 28, 2007

REC to Build World's Largest Solar Manufacturing Complex in Singapore

REC Group announced that it will build a new worldscale solar manufacturing complex in Singapore with total investments possibly exceeding US$4.3 billion (EUR 3 billion) within the next 5 years. It has simultaneously signed an agreement with the Singaporean government agency Economic Development Board (EDB) that defines the terms and conditions related to the development of a new production site, the process of establishing a manufacturing complex, as well as operational and commercial conditions.

In addition to wafer, cell and module production, the manufacturing complex will incorporate infrastructure and support facilities, as well as an on-site supplier park. Sufficient space has also been reserved for future R&D activities and possible manufacturing facilities based on potential new technologies.

The green field site can hold a capacity of up to 1.5 GW within each product area, although it is not likely that the production capacity for wafer, cells and modules will be fully balanced. Depending on the final capacity and site development, total investments in the Singapore site may exceed EUR 3 billion within the next 5 years and the total number of employees could be around 3 000 people.

The development of this site will enable us to continue expanding in a cost efficient manner and will support REC's ambitious cost target. Our future cost position will determine our ability to deliver solar products that can compete with traditional energy sources in the sunny areas of the world without government incentives", said Erik Thosen, the President & CEO of REC.

REC is positioned in the solar energy industry as the only company with a presence across the entire value chain. REC Silicon and REC Wafer are the world's largest producers of polysilicon and wafers for solar applications. REC Solar produces solar cells and solar modules. REC Group had revenues in 2006 of US$810 million (NOK 4 334 million) and an operating profit of US$294 million (NOK 1 574 million).

October 28, 2007 at 11:59 PM in Solar-PV | Permalink

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Comments

Hello my name is M. Alieu Iscandari and I am a California based attorney originally from sierra leone in west Africa. I have been charged by the Ministry of Trade and Industry, with finding and locating business people who may be interested in setting up a PV manufacturing facility in Sierra Leone West Africa. My communications with the Ministry of Trade and Industry are positive on the issue of Government sponsored tax breaks and benefits for interested companies. Labor costs are incredibly low and the Government may be interested in providing land for the location of a manufacturing facility. The Government is willing to provide Tax incentives on imports of raw materials and tax breaks on export of finished products. This is a great opportunity for one of the largest markets for solar power. Most of the African continent is awash with excellent sunshine but very low on power generation. Completed PV products can be marketed in at least 12 countries in West Africa. Another aspect of the project would be in installation of the PV cells in schools, office buildings, hospitals and residences.

Please contact me via e mail at aiscandari@aol.com or in the alternative at the following numbers.
M. Alieu Iscandari Esq
Iscandari & Associates
7901 Oakport Street suite 4900
Oakland CA. 94621
Phone: 510-615-6000
Cell 240-515-6316
Cell 510 938 6186

Posted by: M. Alieu Iscandari Esq | October 01, 2008 at 10:19 PM

HI, I'm from philippines and energy cost is quite expensive. It's good to know that this kind of technology is growing. However, here in my country doesn't seem too interested on this. I want to build or make one for my own. I need your ideas about this, and I reckon if you could help me on this one. http://build-home-solar-panel.com/

I saw this site and I need your inputs. I want to have at least one guide for now. Thanks in advance!

Posted by: Agent Psychic | May 30, 2011 at 05:30 AM