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REC sold out of wafers for 2010 with $450 million order from Neo Solar Power - 30 September 2008
Timminco updates solar-grade silicon operations, sees production of 1200-1500 metric tons in 2008 - 06 October 2008
Hague signs letter of intent to buy assets of quantum-dot PV cell company Solterra - 06 October 2008
Ogilvy PR lands SunPower global account - 06 October 2008
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Solar cells use old material in new way - 06 October 2008
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.
Now REC has confirmed that it will invest nearly NOK 13 billion (USD 2.5 billion) in the first phase of a production complex in Singapore. The Singapore plans were first revealed last autumn.
Company officials said production of solar wafers, cells and modules will begin during the first quarter of 2010, and reach full capacity by 2012.
Expected revenues are estimated at as much as NOK 11 billion in 2012.
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