REC Silicon ASA confirmed its preliminary figures for 2016. The company achieved revenue of $271.2 million, a decrease of 17.8 percent compared to 2015.
REC Silicon reported fourth quarter revenues of USD 80.4 million, up from USD 50.9 million in the previous quarter.
REC has launched a new REC TwinPeak 2 series 295W 60 cell multicrystalline solar panels. The REC TwinPeak 2 Series use PERC cells from larger wafers (156.75 mm), and five busbars – both firsts for REC products.
REC Solar announced module shipments of 276 MW in Q3 2016. Quarterly volume decline by 15% compared to Q2 2016. In Q3 2015 the company´s shipments were 361 MW.
REC Silicon ASA (REC) achieved revenues of $50.9 million in Q3 2016, compared to $87,5 million in the same quarter of the previous year. Furthermore, the company will lay off approximately 70 employees.
We frequently use these panels. The service is very good; they offer very useful technical solutions. So far we havent had any problems with them.
This brand can produce lots of electricity with very high efficiency rate. Its modules have enough protection to keep working under severe conditions in Australia.
-- Nikky Cumming, Go4Solar