REC-solar-debt-freeNorwegian giants REC Solar are looking good for the future as one of the only module manufacturers to be entirely debt free. It recently cancelled its NOK200 million (US$32 million) revolving credit facility with sister company REC Silicon, citing a “positive outlook on business”.
Their Singapore-based operation is going from strength to strength, whilst the listing on the Oslo stock exchange in October 2013 generated a large cash injection and improved their standing in the market.
Importantly for the solar industry, it also helped to ensure that their award winning research and development continues into the future.
For more information on REC, or to obtain hard copy specification sheets for REC modules, call your friendly Sundriven representative on 1300 286 307