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REC Group Emerges as the Largest European Solar Panel Manufacturer in India

REC Group Emerges as the Largest European Solar Panel Manufacturer in India

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NEW DELHI, September 18, 2017 — Reaffirming its commitment to the Indian solar market, which is currently facing a lot of dynamic changes, REC Group, the leading European brand for solar photovoltaic panels, will showcase its product innovations at the India Expo Center in Greater Noida. REI is India’s largest trade show for renewable energy technology and one of the largest industry events in the world.

Globally renowned for its quality and reliability, REC Group will bring its highly-visited exhibit from the German Intersolar show to New Delhi: Three new flagship products featuring the award-winning TwinPeak technology, including the world’s most powerful 60 and 72-cell multi-crystalline panels. With these newly launched products, REC once again sets new standards for multi-crystalline panels and demonstrates its global technology leadership.
The following REC panels will be on display at the REI Expo:
REC TwinPeak 2 – a 60-cell panel rated up to 295Wp
REC TwinPeak 2S 72 – a 72-cell panel rated up to 350Wp
REC TwinPeak 2SL – a 60-cell panel rated up to 305Wp
All these products are based on REC’s pioneering half-cut cell technology featuring multi-crystalline PERC cells, split junction box and five bus bars for higher power output per square meter, increased yields, lower costs and, therefore, shorter payback times for investors of rooftop and ground mounted solar PV installations.
Visit REC Group at the REI Expo in Greater Noida, India, from September 20-22, 2017 in hall 10 at booth 10.44.
REC Group is the largest European panel manufacturer in India
The manufacturer with Norwegian roots, and a state-of-the-art manufacturing facility in Singapore, has shown consistent growth for years globally, and has experienced particularly strong growth in the APAC region. Here, shipments in Q2 2017 have increased by 244% over Q2 2016.
With its strong emphasis on cutting-edge technology, lowest warranty claims rate, high-power panels and consistent performance, REC Group has been able to firmly establish itself as #1 European manufacturer of solar panels in India. This clearly highlights the increasing preference for high-quality products in the Indian Market after struggling over quality issues in recent times. REC’s leading position is well reflected in its H1 numbers:
A nine-fold growth in shipments in H1 2017 compared to H1 2016
Cumulative capacity of more than 250 MW of REC panels shipped
Emerged as the leading non-Chinese manufacturer and the largest European supplier in the growing rooftop segment in the last two years.
Successful entry into the large utility-scale market, proving the financial viability and optimum ROIs of REC products for large-scale developers
“Our remarkable growth in India is demonstrated by a whopping customer retention rate of 85% and is based on our unique value proposition, strong financial stability as well as our successful distribution network and strong presence in India. The Indian rooftop market offers REC and our valued partners an immense potential. Thanks to our global credentials, we have already acquired key clients in the IT, automotive, manufacturing and infrastructure industries,” comments Stephan Herkert, CCO at REC Group.
Adding to this, Rohit Kumar, Head of REC India, explains the distribution strategy: “One of the strategic moves to enter into smaller and regional markets was to use a capable and financially robust distributor with pan-India presence, such as Redington India Ltd. We have managed to win more than 100 EPC partners in a span of less than a year. Moving forward, this segment will play a crucial role for REC’s footprint in the highly lucrative rooftop market of India.”
About REC Group:
Founded in Norway in 1996, REC Group is a leading vertically integrated solar energy company. Through integrated manufacturing from silicon to wafers, cells, high-quality panels and extending to solar solutions, REC Group provides the world with a reliable source of clean energy. REC’s renowned product quality is supported by the lowest warranty claims rate in the industry. REC Group is a Bluestar Elkem company with headquarters in Norway and operational headquarters in Singapore. REC Group employs more than 2,000 people worldwide, producing 1.4 GW of solar panels annually. Find out more at http://www.recgroup.com.

Source: REC Group

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Anand Gupta

Editor – EQ Int’l Media Network

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