Singapore
IT IS light at the end of the tunnel for REC Solar.
A bigger solar power market, higher US anti-dumping tariffs against Chinese manufacturers and more stable prices for solar cells have helped to put the Oslo-listed firm on firmer ground.
REC Solar, whose integrated plant in Singapore is the largest globally outside of China, is expanding its production from 820 megawatts (MW) last year to 1,300 MW next year to take advantage of an anticipated upturn in the solar industry.
In an interview with The Business Times, REC Solar's CEO Martin Cooper said: "If you ask me what the worst thing in the industry was, I'd say it's the Chinese coming in. And the best thing? The Chinese coming in."
The...
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