Integrated PV manufacturer REC Solar is to invest a total of S$200 million in expanding and upgrading production at its facilities in Singapore.
Integrated PV manufacturer REC Solar is to invest a total of $200 million Singapore dollars (US$182.3 million)in expanding and upgrading production at its facilities in Singapore. The company also plans to invest a further $50 million Singapore dollars (US$36.4) in R&D activities at the Solar Energy Research Institute of Singapore (SERIS), with emphasis on a type of PV module.
The company said that additional capacity as well as further production automation would take place over the next three years. Exact details of the expansion have yet to be disclosed, although the main capacity expansion is related to REC's half-cut cell/module technology, 'TwinPeaks', according to the announcement.
The R&D investments were said to be inline with the Singapore governments Research Innovation Enterprise (RIE) 2020 Plan.
REC Solar has added ingot/wafer, cell and module capacity to meet demand over the last two years having run its facility in Tuas, Singapore at full capacity in 2015.
PV Tech previously reported in July, 2015 that REC Solar was hoping to expand capacity by around 400MW to meet demand, though financing and location discussions were yet to be concluded. The company ended 2015 with 1.3GW of PV module capacity.
The company said it would be holding a media event at its manufacturing headquarters on March 30th to officially announce the expansion and R&D collaboration with SERIS.
Leading ‘Solar Module Super League’ supplier, JinkoSolar has teamed with experts from TÜV NORD and Soltec to provide as usual a technically driven PV Tech ‘TechTalk’ series webinar to further understand the Tiger PRO modules impact on LCOE metrics. Register free now.
PV Tech is hosting a TechTalk Product Series webinar with LONGi Solar to help PV project developers, asset owners and interested parties become aware of the latest in utility-scale PV panel technology, performance and size that is redefining LCOE metrics.
Going into its fifth year over 200 delegates from 150 companies and 20 countries representing the PV supply chain will gather in Malaysia to discuss the technology roadmaps for PV cell advancement in GW markets. The scope of the event has been expanded this year, to cover developments in wafer supply and thin-film investments and technologies alongside all the regular benefits to all stakeholders tracking PV technology and investment trends for the next 5 years.
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability.