From pv magazine Germany
Norwegian solar module manufacturer REC has decided to cancel its plans to build a 4 GW heterojunction solar module factory in Hambach, near Sarreguemines, France.
About two years ago, REC said it wanted to invest €680 million in the new facility. However, it repeatedly delayed its final investment decision.
“At the moment we are not continuing the Hambach project due to various market changes,” a company spokeswoman told pv magazine, without providing additional details.
In July, REC said that it wanted to build a factory with a capacity of at least 2 GW of capacity in Hambach. Together with 16 other companies, it secured financial support from the EU Innovation Fund for large-scale projects.
Indian industrial group Reliance acquired REC for $771 million in late 2021.
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Source: pv magazine