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Solar Grade-Silicon, Ingot, Wafer Technology and ... - Displaybank

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<strong>Solar</strong> <strong>Grade</strong>-<strong>Silicon</strong>, <strong>Ingot</strong>, <strong>Wafer</strong> <strong>Technology</strong> <strong>and</strong> Market Trend (2008~2012)<br />

4.1.3. Renewable Energy Corporation (REC)<br />

REC was newly established in the 90’s in Norway. It is a child company of<br />

Fornybar Energi AS from 1996 <strong>and</strong> has been focusing on renewable energy<br />

field. REC was found by merging Scanwafer AS, SolEnergy AS, <strong>and</strong> Fornybar<br />

Energi AS in November 2000. REC secures an idealistic corporate structure<br />

with completed vertical integrations in all fields of solar cell value chain,<br />

including poly-silicon, substrate, cell, module, installation, <strong>and</strong> drive, through<br />

its child companies like REC <strong>Silicon</strong>, REC <strong>Wafer</strong>, <strong>and</strong> REC <strong>Solar</strong>.<br />

Figure4.1.5. Vertically Integrated <strong>Solar</strong> Cell Business Structure of REC<br />

Source: REC<br />

SAMPLE<br />

REC manufactures about 6,150M/T in 2008 <strong>and</strong> seems possible to<br />

manufacture up to about 12,400M/T in 2009. It signed a long-term contract<br />

with Neo<strong>Solar</strong> Power from Taiwan to supply poly-silicon of about USD 450<br />

million worth until 2015. It also announced to construct additional monosilane<br />

production line in Singapore in 2007 to secure monosilane production of<br />

maximum 2,300M/T per year. Unlike other companies, REC used monosilane<br />

gas as raw materials to secure its own technology. It also solitarily developed<br />

closed-loop method...<br />

All Contents of this report remain the property of <strong>Displaybank</strong><br />

Jan’09

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