• Most Popular
  • Most Shared

CORRECTED - REC sees fewer solar industry players in future

Thu Oct 2, 2008 6:20am EDT

Stocks

   

(Corrects to "be accretive" from "dilute" in third paragraph)

OSLO, Oct 2 (Reuters) - Norwegian solar industry group Renewable Energy Corp (REC) (REC.OL) said on Thursday that it expects fewer players in the solar sector going forward, partly due to consolidation.

"I am convinced that in this business it will be the same as in other industries -- there will be consolidation. That does not mean they will get bought, but some will disappear," REC Chief Executive Erik Thorsen told Reuters on the sidelines of a renewable energy conference.

"When considering whether to build (additional solar capacity) ourselves or to buy others, we look at whether it would be accretive in terms of costs, competence and technology," he said.

"We have considered several (takeover) options but haven't bought because we feel we do it better ourselves," Thorsen said. (Reporting by Joergen Frich; Editing by Quentin Bryar)



More from Reuters

Photo

U.S. official admits security failed in air scare

WASHINGTON/ABUJA (Reuters) - The Obama administration admitted on Monday that air travel security failed when a Nigerian man with suspected ties to Islamic militants allegedly was able to smuggle deadly explosives onto a U.S.-bound flight in an attempt to blow it up.

Armed men travel on a vehicle on a road near the Saudi border in the western Yemeni province of Hajja October 10, 2009. REUTERS/Khaled Abdullah

The next al Qaeda hub?

The attempted Christmas Day bombing of an American airliner has put another region in the spotlight as a breeding ground for terrorism.  Full Article 

EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on their ability to film or take pictures in Tehran. Iranian opposition supporters beat police forces during clashes in central Tehran December 27, 2009. Credit: REUTERS/Stringer

Violence erupts in Iran

Police fired teargas at anti-government protesters in Tehran a day after some of the hardest clashes seen since a disputed election in June.  Full Article | Video