REC reports 24% sequential decrease in 1Q13 revenues

Apr 26, 10:45

Norway-based Renewable Energy Corporation (REC) has reported first quarter 2013 revenues of NOK1,278 million (US$217 million), down 24% compared to revenues in the fourth quarter...

REC Silicon to produce semiconductor-grade polysilicon using FBR

Oct 17, 11:48

REC Silicon, the US subsidiary of Norway-based solar firm REC, held a product launch in Taipei on October 16, 2012. The firm introduced the polysilicon product made by silane, Siemens,...

Digitimes Research: June solar installations surge to 1.69GW in Germany

Sep 14, 14:58

Solar installations usually increase significantly before the effective date of solar incentive cuts. New solar installations in Germany reached 4.37GW (total installations in Germany...

China polysilicon firms urge government to conduct anti-dumping investigation against Europe peers

Aug 20, 11:59

China-based polysilicon firms have reportedly filed a request with China's Ministry of Commerce hoping the government will begin an anti-dumping and anti-subsidy investigation against...

REC Wafer declares bankruptcy

Aug 20, 10:59

Norway-based solar wafer firm REC Wafer has filed for bankruptcy after its parent company REC ASA announced the termination of further funding last week.

REC has decided to cease further funding of solar wafer subsidiary

Aug 14, 15:26

REC ASA has decided to cease further funding of its solar wafer subsidiary, REC Wafer Norway AS. Consequently there is no basis for a solvent winding-up of the company and the Board...

REC reports 2Q12 revenues

Jul 20, 01:05

Renewable Energy Corporation (REC) reported second quarter 2012 revenues for NOK1,987 million (US$325 million).

REC launches first commercially available solar module with backside passivation technology

Jun 13, 15:29

According to REC, the new REC Peak Energy Plus Series delivers an additional 5W compared to the earlier generation product. The new solar module has a nominal power output in watt...

REC receives US$35 million for terminating a long-term wafer contract

Jun 7, 14:42

Norway-based Renewable Energy Corporation (REC) has agreed to terminate a long-term wafer sales contract and has received US$35 million in cash compensation.

REC announces new research center in China

May 17, 15:45

Renewable Energy Corporation ASA (REC) announced that it intends to open a new applications and research center, in Shangyu, China. The Silicon Technologies Applications and Research...

REC sees 4Q11 revenues down 5% on-quarter

Feb 9, 14:49

Renewable Energy Corporation ASA (REC) has reported fourth-quarter 2011 revenues of NOK2,865 million (US$499 million).

REC makes further adjustments to wafer capacity in Norway

Jan 5, 10:28

To reduce its exposure towards a continued weak spot market for wafers, Renewable Energy Corporation ASA (REC) has decided to initiate a process with the trade unions, with the intention...

REC cuts wafer production in Norway

Nov 30, 10:44

On the basis of further weakening of the solar market, Renewable Energy Corporation ASA (REC) has decided to initiate a process with the trade unions, with the intention to temporary...

REC third quarter revenues down 12%

Oct 27, 10:09

Norway-based Renewable Energy Corporation ASA (REC) has reported third-quarter 2011 revenues of NOK3,001 million (US$546 million) and EBITDA of NOK370 million. The operating result...

Europe debt crisis causing shortage of bank loans for solar firms

Oct 17, 14:46

After a string of bankruptcies declared by US-based solar firms, many Europe-based solar firms have been feeling pressure due to the Europe debt crisis, according to market waters...

Power outage in REC US polysilicon plant

Oct 7, 14:26

REC Silicon has experienced a power supply outage with a 100% power loss and consequently all of REC Silicon's manufacturing facilities in Moses Lake, Washington, were shut down on...

REC to assess permanent closedown of parts of production capacity in Norway

Sep 29, 13:39

The Board of Directors of Renewable Energy Corporation ASA (REC) has resolved to initiate a process, including formal deliberations with the employee representatives to assess permanent...

Price drops for polysilicon likely to push solar industry closer to grid parity

Aug 24, 13:56

The major solar markets such as Germany, Italy and Spain have been decreasing solar incentives in recent years causing demand to dwindle. The low demand has caused prices of solar...

Fierce competition in solar market adding financial pressure on solar firms

Aug 17, 14:22

The rise of China-based solar firms has been depressing the price of solar products due to competitive cost-reductions. Many Europe- and US-based solar firms have been facing problems...

BeyondPV stops trading on Taiwan stock market

Jul 21, 14:20

Thin-film PV module maker BeyondPV has announced that its stock is now no longer traded on Taiwan's Emerging Stock Board (ESB).

Polysilicon suppliers face dilemma over price drops

Jun 24, 11:25

Quotes for polysilicon have been facing downward pressure and are likely to drop below US$50/kg.

Solar wafer firms hope for decrease in polysilicon price

Jun 22, 01:15

The contract price of polysilicon for July 2011 has not yet been finalized between many polysilicon and wafer firms. Solar material providers have been rigid about keeping the price...

China-based GCL-Poly brings pressure for price cuts on international poly-Si makers

Jun 17, 10:14

China-based GCL-Poly Energy Holdings has extended production from poly-Si material to solar wafers and has lowered quotes for 6-inch wafers to US$2.10, reflecting poly-Si costs of...

Poly-Si spot prices continue to slide

May 26, 11:58

Spot quotes for poly-Si materials have slid to US$55-60/kg from US$65 last week, continuing their slide amid uncertain market demand, according to industry sources. Downstream solar...

REC sells solar module operation assets in Sweden

Jan 14, 14:13

Polycrystalline silicon and solar wafer maker REC has entered into an agreement with Perfekta Solar AB regarding the sale of assets as a consequence of the earlier announced decision...

REC receives EUR39 million for terminating long-term wafer contract

Dec 24, 12:02

REC has agreed to terminate a long-term wafer sales contract and receives approximately EUR39 million (US$51.22 million) cash compensation. REC and the customer intend to enter into...

Air Liquide steps up supply to PV players

Jan 21, 10:44

Air Liquide, a supplier of industrial gases and services to the photovoltaic (PV) industry, has announced that more than half of the top 10 crystalline-Si solar cell manufacturers...

Polysilicon spot prices drop sharply on weakened demand from solar cell makers

Nov 12, 01:00

Spot prices for polysilicon have dropped sharply, as demand from solar cell makers has weakened due to the onslaught of the global financial crisis and Spain's cut in feed-in tariffs...

Neo Solar Power enters into US$450 million silicon wafer supply deal with REC

Sep 25, 16:47

Taiwan's Neo Solar Power has entered into a new long-term agreement for supply of multi-crystalline silicon wafers from Renewable Energy Corporation (REC), with the agreement running...