In this page you can view and download an electronic copy of the Annual report 2011. You can also order a copy by filling the form.
" 2011 has been a challenging year for REC, our shareholders, employees and customers. Overcapacity led to steep price declines and margin pressure across the value chain. However, the lower prices are improving the competitiveness of solar, and led to a strong market growth in the second half of 2011. Solar energy is now fast approaching a cost level in line with conventional sources of electricity in the sun rich regions of the world.
REC is well positioned with strong support from all its stakeholders. With a clear focus on improving our operational performance and strengthening our market position, I believe REC will remain a leading player in the solar industry."Ole Enger CEO & President
For full Letter from the CEO, see pages 8 and 9 in the Annual Report 2011, downloadable from the banner to the right.