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Another major step towards rebuilding the Solar PV industry in Europe.

Glomfjord, 6 March 2023: Norwegian Crystals (NCR) has signed a binding term sheet with a European major for annual production and delivery of up to 3GWp of monocrystalline silicon wafers per year for a minimum of 5 years.

Delivery is planned to start in 2024 for an initial term to 2028, with an option to extend for three more years. This contract represents a substantial portion of NCR’s planned new capacity of 6GWp to be built in Glomfjord in northern Norway.

The signed term sheet has a potential value of up to NOK 18.7 billion. The parties are also in discussions to develop a collaborative cost reduction and technology roadmap.

NCRs’ trademarked Ultra Low Carbon Footprint Silicon (ULCF-Si) is made from polycrystalline silicon of European and US origin. NCR uses renewable power and naturally cooled cooling water in its production and delivers silicon wafers with the lowest carbon footprint in the world.

“Norwegian Crystals takes another step towards becoming a key player in the revitalization of the European and North American PV value chains. This contract represents a mutually important long term strategic relationship and commercial platform for the future,” says Gøran Bye, Chief Executive Officer at Norwegian Crystals, and adds:

“We are experiencing rapidly growing demand for European, ESG-friendly production within the fastest growing energy source and are in advanced processes with several potential customers. There is no place better suited for production of monocrystalline silicon wafers than Glomfjord.”

Norwegian Crystals ASA is headquartered in Glomfjord in northern Norway, a region with access to clean hydropower, glacier cooling water, and a skilled workforce with a rich tradition rooted in the solar industry.

NCR specializes in manufacturing high-quality and cost-efficient monocrystalline silicon products, such as bricks, wafers, and ingots. The products go downstream and serve as substrates for solar cells and together become solar modules. These modules are installed on rooftops or as part of solar power facilities all around the world.