In China's domestic manufacturers of competition, the product prices fall sharply, and in the next turn into profit consider the little hope, European manufacturers RenewableEnergyCorporation most 2 silicon (REC) decided to shut down again a wafer factory.
According to Bloomberg (Bloomberg) reports, REC in 24 says, the company decided to shut down in 2012, is located in season 2 Heroya Norway of a capacity of 650 MW of wafer factory, thermal solar collectorestimates there are 460 employees will be affected, the company said it would review the new factory in the next few months.
The chairman of the board and CEO REC OleEnger in the company issued press releases that, its Heroya enterprise already trying to reduce the cost and strengthen quality, but the solar market even though demand stable increase, but the state of a glut in wafer prices are falling.
In addition Enger more emphasis that, in China's domestic manufacturers of competition, the current market price for 1 years ago only the third. And the company cut costs by 25% efforts have not enough to make up the loss, such as continue to operate Heroya factory, predictable is growing losses.
Bloomberg new energy finance (BloombergNewEnergyFinance) data shows, polycrystalline silicon per kg has spot price from $2008 in 475, all the way down to $78.46 in 2011,solar thermal system and has more to a new low of $24.27.
In addition, bloomberg new energy finance also pointed out that, in the past two years, China's domestic poly association xin and South Korea and OCI polycrystalline silicon vendors, will be nearly 1 times ramp-up, leading to a surplus supply market. And in this context, the REC in March he had announced a closed about 300 MW of Norway capacity Glomfjord factory.
REC says, will be released on April 25, 2012,solar heat collectors the first quarter earnings, but also provide solar market the latest status. And in Norway factories closed, REC estimated capacity of 700 MW by the Singapore factory continues to production wafers.
REC main production polysilicon, wafer, solar cells and modules, and other products for a vertical integration of the Norwegian environmentist solar products manufacturers, was established in 1996.