REC Inks 60MW Solar Panel Supply Agreement

REC Solar has been selected for a 60MW module supply agreement with German solar project developer GP Joule.

The REC solar panels will be used in a 20MW solar farm in Germany and a 40MW facility near Bordeaux in France.

The first shipment of the company’s Peak Energy Series modules has already occurred, with the balance of delivery to be fulfilled during the next 6 months.

GP Joule CEO Ove Petersen said REC was selected based on the company’s strong value proposition, quality of product and supply reliability.

In other recent REC news, REC announced earlier this month it would supply 1MW of solar modules next year for installation on solar farms located in Ehime prefecture in Shikoku, one of Japan’s four islands.

REC solar panels shot to prominence in Australia after Melbourne-based Energy Matters introduced the Peak Energy series to the local home solar power market last year.

Energy Matters entered into a 20MW purchase agreement with REC in 2010. At the time, the deal was one of the largest single solar panel supply agreements in Australian history.

REC Peak Energy Series modules and the company itself has received multiple awards and recognition, including this year’s Solar Industry Award for Module Innovation, presented by Solar PV Management Magazine.

In the most recent results from field testing carried out by trade magazine Photon, REC solar modules have outperformed 46 other modules; producing 6 percent more power on average from January to June.

The company says their Peak Energy solar panels offer an energy payback time of just one year, the lowest in the industry for silicon based modules. Energy payback is the amount of time it takes for energy that went into production of a panel being recouped through electricity generation.

REC was established in Norway in December 1996 and has since grown to become a leading vertically integrated player in the solar energy industry.