REC EARNS “TOP BRAND PV” SEAL AND IS RANKED THE LARGEST EUROPEAN SOLAR SUPPLIER BY INDUSTRY EXPERTS

Singapore - Thursday, May 10th 2012 [ME NewsWire]

Renewable Energy Corporation (REC) was awarded the “TOP BRAND PV” seal by EuPD Research and has also been named the number one European supplier of solar modules by IMS Research.

EuPD Research – global experts and leaders in solar market research – has awarded REC with the highly regarded “TOP BRAND PV” seal for each of France, Germany, and Italy, the three largest markets in Europe. The seal is based on independent analyses, including surveys of solar installers and end customers on criteria such as brand awareness, distribution, and installer recommendation.

“The ‘TOP BRAND PV’ seal represents REC’s excellent reputation amongst those who work with and use our solar products every day,” said Luc Graré, Senior Vice President, Sales and Marketing, Cells and Modules, REC. “It’s a credible indication of customer satisfaction and the reliability of our products, helping installers in their sales initiatives and end customers make educated purchases.”

In addition to the seal, a 2012 IMS Research report ranked REC as the largest European supplier of solar modules in 2011 based on MW shipped. IMS Research is among the most respected independent analysts of the global solar market. “The 594 MW of solar modules shipped worldwide in 2011, plus REC’s increase in the market share demonstrate the demand for quality solar solutions,” adds Graré.

The “TOP BRAND PV” seal and the number one ranking by IMS Research are the latest accreditations for REC, whose modules ranked first in Photon Laboratory’s 2011 Field Performance Test, producing six percent more energy than competing modules.

About REC:

REC is a leading vertically integrated solar energy company. REC produces polysilicon, wafers, cells and modules for the solar industry, and silicon materials for the electronic industry. REC also engages in project development in selected PV segments. Founded in Norway in 1996, REC employs around 3,200 people globally with revenues of more than USD2.4 billion in 2011. Please visit www.recgroup.comto learn more about REC.

Contacts

REC Solar                                                    

Adrian Lim                                                   

T:  +65 6880 7916                                        

E:  adrian.lim@recgroup.com       



Ogilvy Public Relations

Charlotte Tan

T:  +65 6213 9996

E:  charlotte.tan@ogilvy.com