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REC Group Expands U.S. Product Offering With New 72-Cell Solar Panel for Large Commercial and Utility-Scale Markets

SAN FRANCISCO, CA -- (Marketwired) -- 07/09/14 -- REC Group, a leading global provider of solar energy solutions, announced today that it will begin shipping its new high-quality, trade compliant 72-cell, 1000-volt (DC) solar panels to the United States by the end of 2014. Target markets for the Peak Energy 72 Series panels include large commercial/industrial and utility-scale PV power plant projects.

The benefits of deploying solar arrays equipped with 72-cell panels, 1000-VDC modules include lower installation costs, the use of fewer balance of systems components, and less overall cost per installed watt. As a result of these and other advantages, a growing majority of solar projects over 500 kilowatts in size in development or under construction in the United States will employ the larger, higher voltage panels, according to GTM Research.

REC Group is a global manufacturer of multicrystalline-silicon wafers, cells and solar panels, with a state-of-the-art integrated and fully automated manufacturing facility in Singapore. REC's commitment to quality is demonstrated by its very low products claim rate where less than 300 panels are returned from the field out of the more than 3 million panels manufactured every year. The Peak Energy 72 Series panels, like all of REC's highly reliable products, are backed by the company's linear 25-year power output guarantee, and feature enhanced power production per square foot, robust and durable design, easy installation, and optimized performance in all sunlight conditions.

"The addition of the Peak Energy 72 Series to our U.S. product offering is the latest example of REC's strong commitment to one of the fastest growing solar markets in the world," said Arndt E. Lutz, senior vice president of REC Group in U.S. "Our expanding agreements with leading residential solar installers and PPA providers have enhanced our position as a competitively priced, U.S.-trade compliant supplier to the residential and small commercial sectors. This new, more powerful panel provides a compelling alternative to customers developing and building larger commercial and utility projects."

About REC Group:
REC is a leading global provider of solar energy solutions. With more than 15 years of experience, we offer sustainable, high performing products, services and investments for the solar industry. Together with our partners, we create value by providing solutions that better meet the world's growing energy needs. REC is headquartered in Norway and listed on the Oslo Stock Exchange (OSLO: RECSOL). Our 1,600 employees worldwide generated revenues of USD 647 million in 2013.

Find out more about REC at www.recgroup.com

For further information please contact:
Agnieszka Schulze
Public Relations Manager
Leopoldstr. 175, 80804 Munich, Germany
Phone: +49 89 54 04 67 225
Email: Email Contact

Cameron Crowe
Account Director
Impress Labs
811 Sansome St. San Francisco CA
Phone: +1 415 735 8420
Email: Email Contact

Follow REC on Twitter https://twitter.com/recgroupmedia

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