The
Oslo-based
group
–
which
has
undergone
major
restructuring
and
cost-cutting
over
the
past
year
–
says
prices
continued
to
fall
in
the
third
quarter
of
the
year,
down
by
10%
for
both
polysilicon
and
modules
compared
to
the
previous
three
months.
REC
had
already
warned
investors
that
its
third-quarter
results
would
miss
expectations,
and
duly
announced
a
loss
on
continuing
operations
of
NKr452m
($78.5m).
Chief
executive
Ole
Enger
says:
"Current
solar
market
conditions
are
unsustainable
with
spot
prices
below
cash
cost
for
all
market
participants.”
But
Enger
adds:
“With
the
right
Log in to read complete article.
