The company, which two months ago finalised its plans for winding down its Norwegian wafer division via organised bankruptcy, says that “very challenging market conditions” drove down third-quarter sales volumes at both REC Solar and REC Silicon.
Meanwhile, average sales prices continue to push downward across the PV industry.
REC Solar refers to the Norwegian PV group’s vertically integrated Singapore factory, where it makes high-quality wafers, cells and modules.
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