Energy Corp (REC), one of
most-watched companies, has warmed up to
forward with major investment in a new production facility.
REC’s stock
has risen and fallen dramatically in recent months, while the company has
attracted global attention for the expanding role it’s playing in the solar
industry.
confirmed that it will invest nearly NOK 13 billion (USD 2.5 billion) in the
first phase of a production complex in
were first revealed last autumn.
officials said production of solar wafers, cells and modules will begin during
the first quarter of 2010, and reach full capacity by 2012.
revenues are estimated at as much as NOK 11 billion in 2012.
