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REC Facts


  • REC is a fast-growing, financially strong global company with customers worldwide
  • Revenues of US$1.15 billion in 2007
  • More than 2,150 employees worldwide
  • Headquarters in Oslo, Norway
  • Listed on the Oslo Stock Exchange (ticker: REC)
  • Established in 1994
  • In 2007 REC had revenues of $1.15 billion
  • Production facilities: 3 sites in Norway, 2 in the USA, 1 in Sweden
  • US$1.7B wafer, cell and module production facilities under construction in Singapore
  • Nearly 100 patents granted or pending
REC Company Overview
(10M PDF)

Delivering on the Promise of Solar Energy

Founded in 1994 in Oslo, Norway, REC is a rapidly growing global company with an expanding international customer base. REC is an industry leader in the production of solar-grade silicon and multicrystalline wafers and one of the fastest growing producers of solar cells and modules. As the world’s most integrated solar energy company, REC has the advantage of controlling every stage of its PV manufacturing process to ensure quality assurance from start to finish.

REC’s ongoing program to improve manufacturing efficiency reduces production costs and moves solar energy ever closer to fulfilling its promise as an economically viable alternative to carbon-based energy sources.

Advances in manufacturing efficiency also serve our commitment to environmental excellence by reducing waste and energy consumption. And by using the region’s abundant hydroelectricity to power most of our production and adhering to Scandinavia’s famously high standards of environmental regulation, REC delivers a high level of ecological responsibility in both process and product.

The end result is that REC is continually minimizing its carbon footprint while reducing its modules’ energy payback time, which at 1.5 years is among the best in the industry.

© 2008 REC ASA. All Rights Reserved. Disclaimer.