SINGAPORE — Norway's Renewable Energy Corp will build a S$6.3 billion (about $4.3 billion) solar manufacturing complex in Singapore that will be the largest in the world, the company said Friday.
The complex will be an integrated facility that will produce solar wafers, cells and modules, which are parts of solar panels, and will also conduct research and development. When fully developed, the manufacturing complex could hold a production capacity of up to 1.5 gigawatts annually, compared to a total global industry output of 2 gigawatts last year.
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