Dec. 18, 2006 -- ITOCHU Corp. of Japan announced it will invest $8.5 million in solar energy company NorSun AS of Oslo, Norway, which is planning to produce monocrystalline silicon wafers for solar cells.
NorSun was established in December 2005 by Alf Bjorseth, who is a founder and former CEO of the Renewable Energy Corporation ASA, a manufacturer of solar-grade silicon and multi crystalline wafers, to develop a broadly-based business in the solar industry.
NorSun is planning to set up a plant in the beginning of 2008 for the production of monocrystalline silicon wafers, with plans to expand to a production capacity of 430MW by 2010.
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