REC Sees Rival Solar Producers Liquidated in Market ‘Shake Up’
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Renewable Energy Corp. ASA, a maker of solar-power components from Norway, expects to benefit from a market “shake-up” that will liquidate less-profitable rivals.
“There are many players in this market today that don’t make any money at all with the prices we see,” Bjoern Brenna, chief financial officer, told a conference in Oslo today. “There will be a shake-up and many will disappear.”