PV EXPO 2014: REC presents high-quality technology to boost presence in Japan

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Tokyo – February 20, 2014: REC, the largest European supplier of solar panels worldwide, will present its high-quality product portfolio at PV EXPO in Tokyo from February 26-28, 2014 at booth E36-18. Executives and regional representatives will be on hand at Japan’s largest solar exhibition, to discuss their insights and expectations on the important Japanese market.

REC will also be showcasing a bi-facial solar panel concept study. By utilizing the diffuse and reflected light at the rear side of a bi-facial solar panel, the power output can be increased compared to a conventional mono facial solar panel. “Bi-facial solar panels are interesting in combination with highly reflective roof membranes; they also feature various design and application options, such as transparent ceilings or vertical curtain walls,” explains Cemil Seber, Director of Product Marketing & Global Expansion, REC.

According to REC, Japan is one of the key markets for the company, where high-quality products are greatly appreciated. “For 2014, we expect around 25% of REC solar panels to be shipped to Japan. And we see significant further growth potential, especially in the commercial segment,” affirms Go Sekiguchi, Representative Director for REC in Japan.

Japan’s cumulative installed solar capacity in 2013 surpassed 14 GW, with 75% of new capacities being non-residential systems. For 2014 and 2015, REC forecasts a stabilizing growth of 9 to 10 GW of additional solar capacity each year. The commercial segment with system sizes of 10 to 1,000 kW continues to be the main segment of the solar market, growing from between 3 to 4 GW in 2013 to between 4 to 5 GW in 2014.  

“REC, with its long-term commitment to partnership, innovation and proven quality that exceeds international standards, is well positioned in Japan to exhaust this commercial market potential. The proceedings of the Japanese Electricity Market Reform will ensure enlarged market flexibility as well as a 29% increase in the budget for renewable energies in 2014. But uncertainties in terms of the government’s intentions regarding Japan’s dependency on nuclear power and nonspecific targets on the energy mix, in particular on renewable energies, are counterproductive. Stable and reliable conditions are indispensable for further solar energy investments,” Sekiguchi adds.

For further information please contact:
Agnieszka Schulze
Public Relations Manager, REC Solar Germany GmbH
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 NOK 4.1 billion in 2012.
Find out more about REC at www.recgroup.com

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