Reliance acquires Norway-based solar cell maker REC for $771-M
Publicly listed Reliance Industries Ltd (RIL) has acquired 100% shareholding of Norway-headquartered REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd., for an Enterprise Value of USD 771 million.
Business Norway
NorSun manufactures superclean monocrystalline silicon wafers for use in high-efficiency solar cells. The company uses premium polysilicon in combination with semiconductor-based crystal growing technology, meaning that NorSun wafers have low levels of co-doping, carbon, metals and crystalline defects.
Vast Norwegian expertise perfect for floating solar
Norway is particularly well-positioned to produce solar power on water surfaces in both offshore and inland environments. Floating solar is a relatively new technology, and as of today a niche technology in solar power generation.
Norwegian solar energy company REC Group becomes
REC Group, an international pioneering solar energy company headquartered in Norway, today announces Reliance New Energy Solar Limited, a wholly owned subsidiary of Reliance Industries Ltd (Reliance), has signed a definitive
REC Group | About REC
As Solar''s Most Trusted, REC is committed to high quality, innovation, and a low carbon footprint in the solar materials and solar panels it manufactures. Headquartered in Norway with operational headquarters in Singapore, REC also has regional hubs
Solar energy shines in Norway
This is why Norway is an excellent location for solar cell production. Virtually every single kilowatt powering Norwegian households and mainland industry comes from renewable hydropower. The ecological footprint of solar panels made with materials from Norway is therefore extremely small.
Norwegian solar energy company REC Group becomes part of
REC Group, an international pioneering solar energy company headquartered in Norway, today announces Reliance New Energy Solar Limited, a wholly owned subsidiary of Reliance Industries Ltd (Reliance), has signed a definitive binding agreement to acquire 100% shareholding of the largest European solar panel brand.
Sunrise
NorSun AS secured a EUR 54 million grant from the EU Innovation Fund to expand current ingot and wafer capacity in Norway by 3 Gigawatts (GW). As the sole remaining Western manufacturer, NorSun''s vast experience in producing high-efficiency PV wafers, driven by clean hydropower and top production efficiency, makes it a crucial strategic
6 FAQs about [Norway high solar co ltd]
Are Norwegian solar panels eco-friendly?
The ecological footprint of solar panels made with materials from Norway is therefore extremely small. REC Solar’s factory in Fiskå in southwestern Norway has even been awarded a certificate for production of the world’s cleanest silicon. Not only is Norwegian silicon production the world’s cleanest, it is also the world’s most energy efficient.
Why is Norway a good choice for solar energy solutions?
This has led to Norway to become an expert in devising solar energy solutions for out of the way places. Safedesign has designed a rooftop safety system that eliminates the need for scaffolding and makes solar panels more affordable. Industry was also bitten by the solar energy bug.
Is Norway a good place to buy solar cells?
This passion for nature has made Norway one of the most attractive markets for solar cells. Although some of the appeal of cabin life is to take a time-out from technology, electricity is still needed to power lamps, radios and, now, mobile phone chargers.
Why are solar cells so popular in Norway?
Norwegians love to be outdoors. They flock to their cabins in the mountains, in the woods or by the shore to spend their weekends or holidays in beautiful, peaceful surroundings. This passion for nature has made Norway one of the most attractive markets for solar cells.
Why is Norsun a strategic resource for European solar development?
As the sole remaining Western manufacturer, NorSun’s vast experience in producing high-efficiency PV wafers, driven by clean hydropower and top production efficiency, makes it a crucial strategic resource for rebuilding the European solar value chain. This grant is a significant step towards achieving the EU’s ambitious 2025 development plans.
Why is Norsun expanding its manufacturing facility in Norway?
Asia is NorSun’s main export market. In response to growing demand and the significance of scalability, the company is planning to expand its manufacturing facility in Norway. Innovation and installation of eco-friendly solar power is increasing dramatically, and the demand for silicon is growing at a pace.