Photo voltaic module producer REC has shelved the development of a 4GW French heterojunction module manufacturing facility, citing “adjustments in market situations”.
The power was scheduled to supply 2GW capability in its first part, and an extra 2GW in an expanded second part.
Final yr REC Group was purchased by Reliance New Power Photo voltaic, a subsidiary of Indian conglomerate Reliance Industries, with the intention of increasing the corporate’s photo voltaic manufacturing capability to over 5GW inside a number of years. Reliance particularly meant to offer help for the development of the French facility, in addition to a 1GW US plant.
It’s the second module manufacturing plant to be deserted in France in latest months. In early October, Maxeon Photo voltaic Applied sciences ceased operations at its Porcelette plant within the north east of the nation, saying that rising manufacturing prices had made the power unviable.
Maxeon subsequently started scouting areas for a brand new plant within the US, as reported in PV Tech Premium.