Metals

Norsun announces temporary wafer production halt, layoffs

CBCIE Time:Sep 11, 2023 11:44 Source:pv-magazine

NorSun says that the current market situation is behind the decision to temporarily stop production in Årdal until the end of the year. The monocrystalline wafer manufacturer told workers about temporary layoffs this week, but it has not said how many people will be affected by the decision.

“We can only register that the price drop and the build-up of modules in stock are creating major challenges for European players in solar energy,” said NorSun Managing Director Erik Løkke-Øwre, noting that the situation is affecting the entire value chain. “The market is flooded with low-cost modules that no one in Europe can compete with.”

In the meantime, the company will continue to concentrate on its short-term and long-term expansion plans, including plans to upgrade its production line in Årdal.

NorSun recently raised new capital for expansion. It was also selected for €53 million ($56.8 million) of funding from the European Union Innovation Fund.

All articles, pictures, reports and other original works on the website that are attributed to CBCIE are non-public information, only for members. No one may reproduce or otherwise use the original content of this website without our permission. If you need to use it, please call
+86 18135172048 to apply for authorisation. CBCIE reserves the right to pursue any infringement and citation contrary to the original intent.

Disclaimer:CBCIE is committed to building a comprehensive and authoritative metal information platform, and strives to provide a full range of data and information services and decision-making support for metal industry researchers and practitioners. However, the information on this website is for reference only and is not intended as direct advice for investors' decision-making. Any investment, purchase, sale or operation based on the information on this website should be at your own risk and is not related to CBCIE.

Contact us

Contact us for more CBC information and services.

Get in touch
CBC专家咨询 关闭
2025-2030年报预订 关闭
close
WeCom

CS Manager:
Zizhen Zhang

+86 18135172048