Tier-one PV module manufacturer, REC Solar ASA is to supply US-based major residential solar installer, Sunrun with up to 100MW of PV modules in a new supply deal for 2015.
Recently, REC Solar noted that the US market would become an increasingly important for sales in 2015 and beyond, having also recently secured a major supply deal with Sunrun’s major rival, SolarCity. The PV manufacturer is currently expanding capacity at its plant in Singapore to 1.3GW to capture more business in what has become the third largest PV market.
Under the signed agreement with Sunrun, REC Solar will supply a minimum of 50MW of its Peak Energy Series modules next year that also provides options to undertake the supply of a total of 100MW in 2015.
Paul Winnowski, Sunrun's chief operating officer said, “Our certified installers believe REC's high-performance PV panels are one of the best rooftop solar products available and the company's unwavering commitment to quality, strong financial position and trustworthy reputation make them an ideal partner for Sunrun.”
Martin Cooper, CEO of REC Solar ASA said, “With a combination of our flexibility to selectively dispatch our products across our global market network and ability to develop a new 72-cell production capacity, we have been able to quickly position ourselves well to take advantage of this opportunity. However, in the long term, the overall high-quality and reliability of our products remain the crucial factors for past and upcoming contracts.”
According to REC Solar, US order intake over the past 12 months has doubled.