Renewable Energy Corporation

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Renewable Energy Corporation ASA

Headquarters
tel: +47 67 57 44 50
post@recgroup.com

REC worldwide contact details

A leading player

Renewable Energy Corporation (REC) is the leading vertically integrated player in the solar energy industry.

Across the value chain

Our business is carried out in three divisions.  REC Silicon and REC Wafer are among the world's largest producers of polysilicon and wafers for solar applications. REC Solar is a rapidly growing manufacturer of high performance solar cells and modules, and engage in project development activities in selected segments of the PV market.



REC Worldwide

Nearly 3 000 employees work in REC's worldwide organization.

Operations   

Headquartered in Oslo, Norway, our production facilities include the silicon materials plants in Moses Lake, Washington and Butte, Montana in the USA. The wafer production sites are located in Glomfjord and Herøya, both in Norway. Cells production is in Narvik, Norway and solar modules are produced at a manufacturing plant in Glava, Sweden. Read more about our operations.

Expansion project in Singapore

A new integrated wafer, cell and module manufacturing complex is soon completed and ready for ramp-up in Singapore. The new plants will more than double REC’s current production capacity. The first plant will come online during the first quarter of 2010. Read more about the Singapore project.

Products and markets

REC has sales offices in the key solar energy markets in Europe, the USA and Asia. A complete overview of products and information on how to buy can be found in the products section.

STABLE OPERATIONS 

The strong development in revenues continued in 2008, generated by increased production in all business segments as new capacity was phased in and operations commenced.  

2008 NOK Million
Revenues 8 191
Profit before tax
 4 379
EBITDA 3 279
EBITDA margin 40%
Cell production growth 182%
Module production growth 90%
Wafer production growth 21%
Polysilicon production growth  8%
Employees per December 31 2 418

Download Annual Report 2008 for a complete overview of 2008 key figures, and Annual Review for an overview of operations.