SINGAPORE (AP) — A Norwegian manufacturer of solar panel components will start building a wafer plant in Singapore this year, the company said Tuesday.
''Solar energy will be the dominant source of energy in the future. It's a very exciting industry to be part of,'' said NorSun AS founder Alf Bjorseth, at a press conference.
The company plans a US$300 million (euro197 million) factory that can make enough solar wafers in a year to produce 350 megawatts of power. Construction will start in the third quarter of this calendar year.
It expects operations to begin in the third quarter of 2009.
NorSun has a solar wafer plant in Finland and another plant in Norway is scheduled to begin operations shortly.