Renewable Energy Corp has just announced investment plans equal to $122m to quadruple solar cell production and to double solar module production over the next two years.

What really interests me about this is that they are not choosing to make this investment in a low cost Pacific Basin country, but aim to expand current facilities in Norway and Sweden - arguably two of the highest cost countries in the world to manufacture.

Perhaps that just goes to show, if you're in the high margin part of the value chain supplying a commodity in shortage of supply, you can get away with almost anything.

And still make a profit !