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Sweden

Innotech Solar to buy REC solar factory

Innotech Solar (ITS) has entered an agreement to buy about one third of the shares of REC Solar’s module production in Glava, Sweden. The production facility has a capacity of 150 MW per year.
Innotech Solar to buy REC solar factory

According to Innotech Solar CEO Thor-Christian Tuv, the Glava site boasts one of Europe’s most modern solar factories.

“The decision to purchase the REC solar factory together with Perfekta Solar AB was helped by the fact that the new production site in Glava is located comparatively close to the ITS-cell processing plant in Narvik, Norway,” Tuv said.

As a result, the proximity of the two sites makes deliveries quick and avoids additional burdens on the environment.

“This step towards the vertical integration of the value-added chain is being taken at an ideal moment in time: our European cell production capacity will increase from 35 MW to 135 MW this year,” Tuv said.

In a written statement announcing the purchase, the Norwegian manufacturer said it is striving for increased efficiency within the solar value-added chain. The Norwegian company specializes in returning rejected cells to their capacity through a multi-step testing and optimization process. The existing product portfolio is going to be completed by a new module series to be produced in Glava.

For additional information:

Innotech Solar

Tags: Solar , Europe , Efficiency
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