Solar — Regulatory Filings 2014

Jul 9, 2014

REC Solar ASA: REC Group expands U.S. product offering with new 72-Cell solar panel for large commercial and utility-scale markets

REC Solar ASA: REC Group expands U.S. product offering with new 72-Cell solar panel for large commercial and utility-scale markets

San Francisco, July 9, 2014 - REC Group, traded under the company name REC Solar

ASA (Oslo Stock Exchange: RECSOL), 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.

"The addition of the Peak Energy 72 Series panels 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. "Just as 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."

For further information, please contact:

Kim Boman,

Investor Relations

Telephone: +47 959 63 912

Email: kim.boman@recgroup.com

Agnieszka Schulze,

Public Relations Manager, REC

Leopoldstr. 175, 80804 Munich, Germany

Phone: +49 89 54 04 67 225

Email: agnieszka.schulze@recgroup.com

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 (ticker:

RECSOL). Our 1,600 employees worldwide generated revenues of USD 647 million in

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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