From pv journal Germany
Norwegian photo voltaic module producer REC, a unit of ChemChina, has determined to cancel its plans to construct a 4 GW heterojunction photo voltaic module manufacturing unit in Hambach, close to Sarreguemines, France.
About two years in the past, the REC mentioned they wished to speculate €680 million within the new facility. Nonetheless, the ultimate funding resolution has been repeatedly delayed.
“In the mean time we’re not continuing with the Hambach undertaking attributable to varied adjustments out there,” an organization spokesperson mentioned. pv journalwith out giving additional particulars.
In July, REC mentioned they wished to construct a manufacturing unit with a capability of a minimum of 2 GW capability in Hambach. Together with 16 different firms, it will get monetary help from the EU Innovation Fund for main tasks.
Indian industrial group Reliance acquired REC for $771 million in late 2021.
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