REC Shutters Norwegian Solar-Wafer Output as Demand Dwindles

Renewable Energy Corp. ASA, the Norwegian solar-parts maker that halted factories last year, will further reduce wafer production as prices extend declines.

REC will temporarily close half its 300-megawatt output of monocrystalline wafers at a facility in Glomfjord, Norway, in the first quarter, the Sandvika-based company said today in a statement. The shutdown will affect about 65 employees, it said.