It looks as if Asia is getting greener every day. Now Norway’s Renewable Energy Corp. (REC) is planning to build the world’s biggest solar cell plant in Singapore. The company will invest an initial $2.6 billion in the project and expects production to start in the first quarter of 2010. Final costs are expected to exceed $6 billion.
REC is based out of Oslo and also operates subsidiaries in Sweden and the USA. By 2012, about 1,100 employees in their new plant in Singapore’s Tuas district will initially produce 740MW of solar wafers, 550MW of solar cells and 590MW of solar modules a year. The factory will cover one square kilometer.
According to the Singaporean government, REC’s facility will be the world’s largest integrated solar manufacturing complex. Singapore was chosen between 200 locations worldwide.