REC continues US surge with 300MW supply agreements

Facebook
Twitter
LinkedIn
Reddit
Email

Module manufacturer, REC Solar ASA has announced the closure of two supply agreements totalling 300MW.

The 300MW of supply agreements are both with North American developer, Recurrent Energy, for utility-scale solar projects in California.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

REC is to supply its ‘Peak Energy 72 Series’ of panels, from the beginning of 2015, to the second quarter at a fixed price.

REC has had a number of US supply agreements recently; 685MW supply agreements for US residential, commercial and utility – 532MW of which is to be delivered in 2015, representing 44% of REC’s 1.2GW targeted production for next year, and exceeding REC’s 2015 300MW expansion.

“With our new 72-cell product, we are seizing opportunities in the US large commercial and utility market,” said Martin Cooper, CEO of REC Group

Utility-scale solar is the largest portion of the US solar market – IHS predicts utility-scale to grow to a 4.1GW market for 2015.

REC announced plans to expand capacity 1GW in 2014 and a further 300MW in 2015 to meet demand earlier this year, and a focus on the US market this summer.

Read Next

September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
German trade association BSW-Solar has called the German government for a simplified, standardised and more digitalised grid access for solar PV and energy storage operators.
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.
Premium
September 12, 2025
Vote Solar's Sean Garren tells PV Tech Premium that Georgia Power's latest IRP is 'skewed so heavily towards fossil fuels'.
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines