Innotech buys a third of REC solar facility

According to the chief executive officer of Innotech Solar, Thor Christian Tuv, the Glava plant is one of the most advanced solar factories in Europe. The decision to purchase the REC solar factory together with Perfekta Solar AB was aided by the fact that the new production site in Glava is located comparatively close to Innotech’s cell processing plant in Narvik, Norway. This further enables the quick delivery of materials. The short distance is also stated as being environmentally sustainable under transportation assessment.

Tuv further stated that this move to vertically integrate the value chain comes at an optimal time when Innotech’s solar production capacity in Europe will see an increase from 35 MW to 135 MW. The Norwegian company specializes in returning rejected cells to their capacity through a multi-step testing and optimization process. The existing product portfolio is going to be completed by a new module series to be produced in Glava. These modules with Innotech cells from Narvik is said to be characterized by high quality and performance at a price which is very competitive by European standards. Innotech Solar will launch the new modules this summer.