REC adjusting to the low demand

Norway-based solar firm REC has been adjusting its production volumes to face the low demand of the soalr market.

  • REC cuts wafer production in Norway

    Wednesday 30 November 2011
    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%

    Thursday 27 October 2011
    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...
  • 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...
  • 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...
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