 | |
| Company type | Public (Allmennaksjeselskap) |
|---|---|
| OSE: REC | |
| Industry | Solar energy |
| Founded | 1996 in Oslo, Norway[1] |
| Headquarters | 20 Tuas South Avenue 14, |
| Products | Polysilicon, wafers, solar cells, solar modules |
| Revenue | NOK 13.78 billion (2010)[3] |
| NOK 1.018 billion (2010)[3] | |
| NOK 989 million (2010)[3] | |
| Total assets | NOK 36.87 billion (end 2010)[3] |
| Total equity | NOK 22.15 billion (end 2010)[3] |
Number of employees | 4,200 (end 2010)[3] |
| Parent | Reliance New Energy Solar |
| Website | www |
The Renewable Energy Corporation (REC) is a solar power company with headquarters in Singapore. REC produces silicon materials for photovoltaics (PV) applications and multicrystalline wafers, as well as solar cells and modules. It is a wholly-owned subsidiary of Reliance New Solar Energy Limited.
The previous parent company of REC was ChemChina, one of the largest chemical companies and state-owned by the People's Republic of China, which held its stake in Elkem since 2015 through the China National Bluestar Group.[4] The purchase price was 490 million euros.[5] On 10 October 2021, Indian conglomerate Reliance Industries announced that its subsidiary, Reliance New Solar Energy Limited, had acquired complete control of REC from China National Bluestar Group for US$771 million.[6][7][8]
- ^ "Norwegian solar energy company REC Group becomes part of Reliance Industries Ltd. and accelerates its expansion". REC Group. 10 October 2021. Retrieved 31 October 2021.
- ^ "Contact". REC. Retrieved 31 October 2021.
- ^ a b c d e f "Annual Results 2010" (PDF). Renewable Energy Corporation. Retrieved 10 February 2011.
- ^ Eco-Business (December 2014). "REC Solar to combine with Elkem after US$640m Chinese buyout". Eco-Business. Retrieved 17 May 2020.
{{cite web}}:|last=has generic name (help) - ^ "Rec Solar: Aktionäre nicken Verkauf an Chinesen ab". www.solarbranche.de. Retrieved 17 May 2020.
- ^ "Norwegian solar energy company REC Group becomes part of Reliance Industries Ltd. and accelerates its expansion". REC Group (USA). 10 October 2021. Retrieved 30 October 2021.
- ^ "Ambani Accelerates Push Into Green Energy With Solar Deals". Bloomberg.com. 10 October 2021. Retrieved 30 October 2021.
- ^ Team, BS Web (10 October 2021). "RIL's renewable energy arm buys REC Solar Holdings in $771 mn deal". Business Standard India. Retrieved 30 October 2021.