Power outage in Moses Lake affecting polysilicon production
(Thomson Reuters ONE) -
Sandvika, October 5, 2011: REC Silicon has experienced a power supply outage
with a 100 percent power loss and consequently all of REC Silicon's
manufacturing facilities in Moses Lake, Washington, were shut down on the
morning of October 4, 2011. No safety incidents occurred during the outage.
Grant County Public Utility District (Grant County PUD), the entity responsible
for power supply to the Moses Lake plant, is currently in the process of
determining the root cause of the outage, which caused residential and
industrial properties in Grant County to be without power for an extended period
of time on October 4.
REC Silicon is in the process of restarting production and anticipates that it
will take two to three weeks before full production can be resumed at pre-outage
levels. As a result of this power outage, the full year 2011 polysilicon
production target has been reduced from 19,000 MT to 18,500 MT. The incident is
expected to affect FBR quality yield and unit cost in the fourth quarter 2011.
A more comprehensive update on this issue will be provided during the release of
the Q3 financial results on October 26, 2011.
For more information, please contact;
Mikkel Tørud, VP & IRO; +47 976 99 144
Peder Poulsson, Investor Relations Analyst; +47 950 26 311
About REC
REC is a leading vertically integrated player in the solar energy industry.
Ranked among the world's largest producers of polysilicon and wafers for solar
applications and a rapidly growing manufacturer of solar cells and modules, REC
also engages in project development activities in selected PV segments. Founded
in Norway in 1996, REC is an international solar company, employing more than
3,900 people worldwide with revenues close to NOK 14 billion in 2010. Please
visitwww.recgroup.com to learn more about REC.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Renewable Energy Corporation ASA via Thomson Reuters ONE
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Datum: 05.10.2011 - 08:26 Uhr
Sprache: Deutsch
News-ID 73166
Anzahl Zeichen: 2743
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