SINGAPORE: Norwegian firm, Renewable Energy Corporation (REC) ASA is building a solar panel manufacturing complex in Jurong - which will be one of the largest in the world. REC said it is pumping S$3.4 billion into the first phase alone.
The solar manufacturing plant will cover one square kilometre and will be one of the biggest in the world.
When running at full capacity by 2012, it will have a production capacity of 550 mega watts worth of cells, 740 mega watts of wafers and 590 mega watts of modules. The consolidated revenue is expected to hit S$2.9 billion.
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