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REC adjusting to the low demand
Norway-based solar firm REC has been adjusting its production volumes to face the low demand of the soalr market.
IN THE NEWS
Wednesday 30 November 2011
REC cuts wafer production in Norway
On the basis of further weakening of the solar market, Renewable Energy Corporation ASA (REC) has decided to initiate a process with the trade unions, with the intention to temporary...
Thursday 27 October 2011
REC third quarter revenues down 12%
Norway-based Renewable Energy Corporation ASA (REC) has reported third-quarter 2011 revenues of NOK3,001 million (US$546 million) and EBITDA of NOK370 million. The operating result...
Monday 17 October 2011
Europe debt crisis causing shortage of bank loans for solar firms
After a string of bankruptcies declared by US-based solar firms, many Europe-based solar firms have been feeling pressure due to the Europe debt crisis, according to market waters...
Thursday 29 September 2011
REC to assess permanent closedown of parts of production capacity in Norway
The Board of Directors of Renewable Energy Corporation ASA (REC) has resolved to initiate a process, including formal deliberations with the employee representatives to assess permanent...