The stock market value doubled last year, mainly because of the increased worldwide focus on environmently friendly engergy-sources. REC says the world's supply of solar-grade silicon will roughly triple by 2010, playing down forecasts for even faster growth in the lucrative sector. Europe is REC Solar’s main market, with Germany the largest segment and the Mediterranean becoming increasingly attractive. REC aims to play a leading role and be a key contributor in shaping the future of the solar energy industry. Their ambition is strong and profitable growth, at a pace at least in line with the development of the PV solar market. They will achieve this by further expanding capacity across all our businesses, while continuing to pursue ambitious technology development programs and cost-reduction initiatives.

Solar power is not only part of the solution for a long-term sustainable energy supply – it is a rapidly growing and increasingly competitive energy source already today.The growth potential is particularly strong for solar energy. It is abundant and renewable, and can contribute to replacing diminishing fossil fuel resources over the long run. Solar energy production entails no greenhouse gas emissions or noise during its operation. Solar modules have no moving parts and will last for many decades without maintenance requirements. Solar energy could also be a key element in providing electricity to the rural poor. The basic requirement is enough sunshine – which is why solar power is particularly suitable in the sunniest regions of the world, i.e. in the “sunbelt” between latitude 30 degrees north and 30 degrees south. In these sunny regions the energy pay-back time for a solar module is less than 2 years, and continues to decline due to technological improvements.

REC official website
REC unveils vision







