REC Group

A leading player

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

Across the value chain

REC is among the world's largest producers of polysilicon and wafers for solar applications, and a rapidly growing manufacturer of solar cells and modules. REC is also engaged in project development activities in selected PV segments. View a short film about REC here.

Board of Directors

Executive Management

REC Worldwide

Around 4 000 employees work in REC's worldwide organization.

Operations

Headquartered in Sandvika, 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, in Norway and Tuas, Singapore. Our solar cell and module production is located in Tuas, Singapore. Read more about our operations.

Integrated solar manufacturing plant in Singapore

In November 2010, REC opened its new integrated wafer, cell and module plant in Tuas, Singapore. Prime Minister Lee of Singapore conducted the official opening. Read more about our Singapore operation.

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.

2010 summary

The main focus for REC in 2010 has been to secure efficient ramp-up of the new production facilities after three years of extensive expansions.

During the first half of the year, a large part of REC's assets were still in ramp-up,but towards the second half most of the capacity was utilized in operation.The solar market doubled from 7.3 GW in 2009 to about 16 GW in 2010.Increased sales volumes gave REC revenues a 56 percent rise to close to NOK 14 billion for 2010.

2010
Revenues	NOK 13,776 million
Employees year-end 2010	4 200

Previous reports:
Annual Report 2009
Annual Report 2008 and Annual Review 2008.