REC Group

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

Close to 4 000 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.

Integrated solar manufacturing plant in Singapore

A new integrated wafer, cell and module manufacturing complex is ramping-up in Singapore. The new plant will be offiially opened on November 3, 2010, by Prime Minister Lee of Singapore. 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.

2009 summary

After years of strong growth in the PV solar market, 2009 was a year characterized by challenging markets and considerable declines in average selling prices, brought about by modest demand growth and oversupply.

2009	NOK Million
Revenues	9 156
EBITDA	1 741
EBITDA-margin	19%
EBIT excluding impairments	390
EBIT	-1 824
Module production	115 MW
Wafer production	758 MW
Polysilicon production	7 023 MT
Employees	Almost 4 000

Last year's reports: Annual Report 2008 and Annual Review.