Clean Energy, Cleantech venture capital, Renewable Energy, Singapore, Solar

NorSun to build $300M Singapore solar plant

March 4, 2008 (AP) – A Norwegian manufacturer of solar panel components will start building a wafer plant in Singapore this year, the company said Tuesday.

“Solar energy will be the dominant source of energy in the future. It’s a very exciting industry to be part of,” said NorSun AS founder Alf Bjorseth, at a press conference.

The company plans a US$300 million (euro197 million) factory that can make enough solar wafers in a year to produce 350 megawatts of power. Construction will start in the third quarter of this calendar year.

It expects operations to begin in the third quarter of 2009.

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NorSun has a solar wafer plant in Finland and another plant in Norway is scheduled to begin operations shortly.

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