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REC Solar halves Q2 solar cells and modules production

REC Solar is reducing second quarter (Q2) production of solar cells and modules by close to 50% in response to the “challenging market environment.”

A challenging first quarter has resulted in a solar cells and modules inventory build-up. The halving of production affects 180 employees through terminations of temporary employment contracts, temporary lay-offs or permanent employees and rescheduled holidays.

REC does not, however, expect changes to the production of solar cells and modules in the third and fourth quarter of 2009.

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Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity