With the latest decision by Renewable Energy Corporation ASA (REC) to establish the world’s largest integrated solar manufacturing complex in Singapore, and a potential investment value of S$6.3 billion, Singapore is taking a big step forward in clean energy technology.
REC plans to incorporate wafer, cell and module production facilities and has the potential to reach 1.5 Gigawatts in production capacity, roughly three-quarters of the total global output in 2006.
This world-scale investment will provide a powerful kick-start to Singapore’s efforts to develop the solar industry. It reaffirms that Singapore continues to be highly competitive in complex manufacturing activities, especially those that are capital, skill and innovation intensive.
