By .(JavaScript must be enabled to view this email address) - 13 January 2012, 08:11
In News, Materials, Finance

Wafer contract cancellations continue at REC

More long-term wafer sales contracts at REC that were initiated back in 2006 and carried on through 2008 are being terminated as wafer supply is abundant and prices have collapsed.

Financials

More long-term wafer sales contracts at REC that were initiated back in 2006 and carried on through 2008 are being terminated as wafer supply is abundant and prices have collapsed. REC said that it had accepted the termination of another one of these contracts against a cash compensation of approximately NOK 200 million (US$33.3 million) to be received in the first quarter of 2012.

REC expects to recognize income of approximately NOK 325 million (US$54.1 million) in the first quarter 2012, related to termination of this contract, due to pre-payments that were already previously received.

Weak wafer demand and declining prices have forced REC to close and temporarily suspend a large level of wafer production in 2011, however, advanced module manufacturing in Singapore remains at full capacity.

Post a Comment

All
News
Blog Posts
TV & Video

Photovoltaics International 16th Edition

This sixteenth edition of Photovoltaics International marks four years of production of the quarterly journal. As always, our focus is on efficiency and quality improvement and cost reduction in manufacturing. As 2012 rolls along, companies are falling by the wayside due to supply and demand issues, ASP declines and drastic governmental subsidy cuts. A clear picture of 2012 is offered through papers from the likes of TÜV Rheinland, Fraunhofer ISE, SEMI PV Group and EPIA, amongst others.
Photovoltaics International Lite, Volume 05 - 2011

This digital interactive Lite sees Tom Cheyney follow Agua Caliente’s progress on becoming one of first truly utility-scale PV power farms, where 40–50MW (AC) will be commissioned by the end of the year. We also feature one of the world’s largest silicon thin-film PV power plants, Avenal; a report on warnings of the collapse of module prices from Solarbuzz and PI-Berlin presents tips on PV module testing. A print version of this edition will be distributed at Solar Power International 2011 in Dallas, Texas.
Manufacturing The Solar Future: The 2012 Production Annual

Manufacturing the Solar Future 2012, the second in the Photovoltaics International PV Production Annual series, delivers the next installment of in-depth technical manufacturing information on PV production processes.

Wafer contract cancellations continue at REC

Financials

We Recommend

Latest in News

Post a Comment

1. Obama and Chu pin hopes on Team USA’s solar innovation

2. New chemical edge isolation tool from Manz offers higher process stability

3. SolarWorld claims competition has been restored with DoC’s determination

4. Solar shakeout: Inventux next to enter bankruptcy

5. OCI to delay further polysilicon plant capacity expansions

1. SolarWorld claims competition has been restored with DoC’s determination

2. Solar shakeout: Inventux next to enter bankruptcy

3. OCI to delay further polysilicon plant capacity expansions

4. Motech first to tout ‘Certificate of Origin’ for US tariff avoidance

5. Fluor Corporation finishes construction of LDK Solar’s Chinese polysilicon plant

1. PV module costs and prices–what is really happening?

2. Other than First Solar, who holds a low-cost manufacturing benchmark?

3. Solar short takes: Suniva implements ion implantation, First Solar turns knobs, CIGS gets purified

4. Eye on Stion, Part II: Getting a taste of tandem-junction CIGS PV layer cake

5. Don’t look now, but UK PV installation figures are out

1. PV-Tech Newscast – December 16, 2011

2. PV-Tech Newscast – December 1, 2011

3. PV-Tech Newscast – March 30, 2012

4. Trident Solar details its ‘VersaEtch’ Etchant / n-Dopant material for inkjet SE applications

5. PV-Tech Newscast - February 10, 2012

PV-Tech Newscast—May 25, 2012 (07:15)

PV-Tech Newscast – May 18, 2012 (05:22)

PV-Tech Newscast—May 11, 2012 (06:03)

Partners

Acknowledgements

Solar Media