MONDAY 04 FEBRUARY, 2013 |
REC Supplies Panels For Two Solar Farms In India
REC has supplied its award-winning Peak Energy modules for two 5MW solar farms
in India's Gujarat region.
The company delivered 21,520 REC Peak Energy solar panels for one
installation and 20,480 modules for another project. Each solar farm will
generate around eight million kWh of clean, green electricity annually and avoid
approximately 4,500 tons of carbon emissions every year.
The Indian government has set its sights on 10 GW of PV capacity by 2017. REC is
expecting strong growth in the region of 1.6 to 1.8 GW for 2013; about 30 percent
in market segments based on grid parity, such as "diesel replacement".
"The historic blackout in India in late July 2012 identified the main problems of energy supply in India: a strong focus on fossil fuels and the centralized
grid," said Luc Graré, Senior Vice President Solar Sales and Marketing, REC.
"Renewable energy, especially solar electricity solutions, are needed to power India’s future because solar energy is available when needed – during peak
In other REC news, the company will release its fourth quarter results for 2012 on Friday February 8, 2013 just after 07:00 AM
Central European Time. A presentation, held in English, will be broadcasted live over the
Internet and be accessible via: www.recgroup.com
REC is a fully integrated manufacturer, producing polysilicon, wafers, cells and solar panels.
Headquartered in Sandvika, Norway, the company's production facilities include the silicon materials plants in Butte, Montana in the USA.
REC's wafer, cell and solar panel production facility is located in Tuas, Singapore;
which has an annual capacity of more than 740 MW for wafers, 550 MW
for solar cells and 590 MW for solar panels.
Offering an energy payback time of just one year and a module efficiency of
have become a popular choice for home solar
in Australia since local company Energy
introduced the brand to the Australian market in 2010.
Other news for Monday 04 February, 2013
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