The Renewable Energy Corporation (REC) is a solar power company with headquarters in Singapore. REC produces silicon materials for photovoltaics (PV) applications and multicrystalline wafers, as well as solar cells and modules.
All of REC’s solar cell and wafer production plants in Norway were shut down permanently in 2011 and 2012 due to weak market conditions and prospects of significant negative cash flow.
The parent company of REC is ChemChina, one of the largest chemical companies and state-owned by the People’s Republic of China, which has held its stake in Elkem since 2015 through the China National Bluestar Group. The purchase price was 490 million euros.
Traded as: OSE: REC
Industry: Solar energy
Founded: 1996
Headquarters: Singapore
Products: Polysilicon, wafers, solar cells, solar modules
Website: www.recgroup.com