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Business
Norwegian Firm Cuts Solar Capacity
by Melody M. Bomgardner
December 5, 2011
| A version of this story appeared in
Volume 89, Issue 49
Norwegian solar energy firm Renewable Energy Corp. will cut output of multicrystalline silicon wafers by 60% at its 650-MW facility in Herøya, Norway. The shutdown will last through the first quarter of 2012 and affect 200 workers. REC cites low market prices for the move; prices for solar modules, wafers, and silicon have declined 10%, 30%, and 35%, respectively, since Oct. 1, according to the firm. Demand is also slack, REC says, in part because of the debt crisis in Europe and turmoil in the capital markets.
The power is now in your (nitrile gloved) hands
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