The solar industry has shocked customers and financial markets with losses, layoffs and bankruptcies in recent years. But those grim times are over for now – and the survivors are investing again in production.
REC, the Norwegian solar manufacturer, is expanding its module capacity by 300 megawatts, to a total of 1,200 megawatts, marketing director Luc Graré told Handelsblatt.
Two other large European producers of solar modules are also increasing their capacities. The number-one maker in Germany, Hanwha Q-Cells, recently announced it is building a new factory in Malaysia, and intends to increase module capacity from 700 to 1,500 megawatts. And Bonn-based Solarworld is expanding its capacity in the United States from 380 to 630 megawatts. That will take the company up to the number-two position in Europe, with a total of 1,300 megawatts.