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 hours.”
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 15.8%, REC solar panels have become a popular choice for home solar power systems in Australia since local company Energy Matters introduced the brand to the Australian market in 2010.