Intersolar 2014: REC showcases excellence throughout the solar value chain

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Visit us at Intersolar in Munich – June 4 to 6, 2014 – Hall A2, Stand 390

Munich, May 28, 2014: REC, the largest European supplier of solar panels worldwide, is exhibiting at Intersolar 2014, the world's largest trade show for the solar industry. Opening its doors on June 4 at the Munich Trade Fair Centre, REC is showcasing its consistent focus on quality through its entire solar value chain. This begins with wafers, and extends to solar panels that are independently tested to perform superbly even in the most demanding conditions, complemented by REC-certified installers to ensure the best possible performance.

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Visitors to Intersolar 2014 will have ample opportunity to see REC’s renowned product quality close up with representatives on hand to explain and discuss the company’s products in greater detail. With demand on quality requirements continuously increasing, the ability of solar panels to maintain performance, even in the most challenging climates, is an essential product feature. “REC is leading the way in demonstrating product quality with its comprehensive reliability and durability program where actual power degradation and energy yield measures show outstanding field performance well above industry norms,” says Cemil Seber, Director Product Marketing & Global Expansion, REC. Recently for example, independent tests carried out by the well-respected Solar Energy Research Institute of Singapore (SERIS) show REC’s solar panels have excellent resistance to degradation. “This is supported by our world leading product claims rate where out of more than 3 million panels produced yearly, less than 300 are returned due to defects,” adds Seber.

Installation quality is also key for solar projects to meet and even exceed expectations. In order to ensure the continuation of REC’s Quality Program downstream, the company trains and certifies installers through its dedicated REC Solar Professional Program. Furthermore, at Intersolar REC will be presenting a new cooperation with roof-installation specialists Sika and Centroplan, expert partners in ensuring customers are provided with the best possible solar energy solutions with long-term reliability.

Confirming its reputation as a thought leader in the solar industry, REC is expanding on the results of its study on commercial and industrial self consumption in Germany, Italy and Turkey. Amid uncertainties for the renewable energy market prompted by changes to feed-in tariffs and legislation, the study investigated which segments promise greatest profitability for solar installations, and what were the most important factors impacting the overall benefits. Some of the results were surprising; in Germany, for example, planned changes to the EEG renewable energy legislation – including a possible 50% EEG surcharge on commercial and industrial self-consumption installations – are causing concern across the entire renewable energy market. However, the study found that pessimism is unwarranted. Companies can still achieve meaningful savings on energy costs with a solar self consumption installation while also making their contribution to protecting the climate. REC experts will be happy to discuss calculations and in-depth results for all three markets at the show.

REC’s focus on long-term performance and quality is reflected in its strong financial position, better than many of its peers on the market. “The fact that REC is performing so well financially reflects our commitment to delivering high-quality, long-lasting products,” says Luc Graré, Senior Vice President Sales and Marketing, REC. “We are expanding our production capacity to meet rising demand for REC solar panels worldwide.” Maintaining healthy revenues and a competitive cost position, REC has significantly reduced its net debt, in contrast to widespread industry trends toward rising debt levels, and is considered a “safe bet” on the Bloomberg New Energy Finance (BNEF) bankability survey.

For further information please contact:
Agnieszka Schulze
Public Relations Manager, REC
Leopoldstr. 175, 80804 Munich, Germany
Phone +49 89 54 04 67 225 
Email agnieszka.schulze@recgroup.com

About REC:
REC is a leading global provider of solar energy solutions. With more than 15 years of experience, we offer sustainable, high performing products, services and investments for the solar industry. Together with our partners, we create value by providing solutions that better meet the world’s growing energy needs. REC is headquartered in Norway and listed on the Oslo Stock Exchange (ticker: RECSOL). Our 1,600 employees worldwide generated revenues of USD 647 million in 2013.
Find out more about REC at www.recgroup.com

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