REC Solar, which divided from the polysilicon business RECSilicon when it listed separately in Oslo last October, said it will invest to increasecapacity to 1GW by the third quarter of this year.

The company is “exploring opportunities” for a further boost to1.3GW by 2015.

REC Solar currently has about 800MW of capacity at its plant inSingapore.

The fledgling company posted a profit of $18.2m