According to the company, the decision to close the REC plant in Glava has been taken because the prospects for "long-term competiveness of the plant are weak", and is expected to affect approximately 300 employees.

The operations of REC's 180 MW solar cell plant in Narvik, Norway, will not be affected. The solar cells produced in Narvik will be used in the manufacturing of REC Peak Energy Modules, partly in REC's Singapore facility and partly through contract manufacturing arrangements. Consequently, REC expects to maintain its current capabilities for supply of modules and at the same time improve its overall cost position.

All product warranties provided by REC ScanModule AB will remain intact.