A prospectus with this and other information about the funds may be. Rec solar asa prospectus pdf photovoltaic cell uses. Major rec highlights from 2016 rec celebrated its 20th anniversary having grown from a pioneer in solar to world leader new record efficiency of 20. Rec solar asa appoints new chief executive officer pv. Solar asa and have since then continued their global growth by completing a new plant in honduras. As part of this, the division elkem solar will merge into rec for a further optimized solar value chain. Green energy prospectus s team has written and edited or assisted with investment introductions for several hundred green energy prospectus. Rec solar asa is now a separate norwegian entity and no longer the parent company of rec, with no further relation or affiliation to the solar panel manufacturer. After the exposure period, the prospectus with an accompanying application form may be viewed online.
Rec solar asa has sold all assets production facility, brand, patents, subsidiaries, etc. Rec combines leading standards of design and manufacturing to produce long lasting and high performance solar panels with reliable power output. The solar business is now outside the elkem as group. Company profile for solar panel manufacturer rec group showing the companys contact details and products manufactured. Working at rec solar pte ltd company profile and information. Historical financial information for the company for the years 2016, 2017, 2018 and. Rec solar asa was previously publically listed in norway. Mna deals added to mna etf target acquirer target target. The company decided to combine phases 1 and 2 under the altair license. Dec 06, 2017 duke energy, one of the largest energy companies in the country, announced today it has acquired full ownership of californiabased rec solar, a provider of renewable energy solutions for commercial customers throughout the u. This prospectus the prospectus has been prepared by scatec solar asa the company or scatec solar. Since 1997, rec solar has installed hundreds of commercial systems, saving our customers millions of dollars and changing the way they do business. This reflects an expected total capacity of solar pv assets of 1,066 gw in 20402.
High performance rec peak energy series solar power. Ms berdal currently holds the directorship in several companies, such as itera asa, gassco as, gjensidige pensjon og sparing as, rec solar asa and intex resources asa. Prospective investors should read this prospectus in its entirety. The company has furnished the information in this prospectus. Rec solar asa rec announces that the board of director has, following a comprehensive selection process, appointed steve oneil as chief executive officer. Rec solar asa separately announced that as the deal had been ratified it would start windingdown procedures. Prospectus is available for inspection on the companys website at. Layoffs at rec solar and spruce underline market changes. Eam solar asa the company or eam solar, and together with its subsidiaries, the group, is offering 1,250,000 new shares in the company the new shares with a nominal value of nok 10 each at a subscription price of nok 24 per new share the rights issue.
Founded in norway in 1996, rec group is a leading vertically integrated solar energy company. Elkem also has strong positions in specialty foundry alloys and carbon materials. Rec solar, a leading provider of commercial solar and energy solutions, today announced that it completed the installation of 27. Credit suisse multialternative strategy fund consolidated schedule of investments april 30, 2015 unaudited. Rocksource asa chairman, renewable energy corporation asa chairman and copeinca asa. Duke energy assumes full ownership of californiabased rec solar. According to these financial ratios rec solar asa s valuation is way below the market valuation of its sector.
Norwegian listed companies rec silicon, borregaard and im skaugen, as well. Companies may also develop, build, and manage solar energy projects and offer. Rec solar asa and its subsidiaries together rec, rec group or the group is a leading global provider of solar electricity solutions with more than 15 years of experience operating in the solar sector. Rec solar is a solar energy contractor specializing in commercial solar and storage systems.
Rec combines high quality design and manufacturing standards to produce highperformance solar modules with uncompromising quality. Rec s second quarter of 2014 was characterised by high sales volumes in europe, softer market conditions in japan and sales pipeline building up in the. Rec advanced silicon materials llc is a limited liability company incorporated in state of delaware usa. A public limited liability company organized under the laws of norway listing of the shares in rec solar asa on oslo bors, alternatively oslo axess, in connection with the offering of 40,000,000 offer shares at a subscription price of nok 20 per offer share. Rec solar takes pride in the quality of our work and the talent of our people. Rec solar asa is planning to be delisted from the oslo stock exchange after having liquidated the funds received from bluestar elkem for the acquisition of rec. Jotun asa paints and coatings, rec solar power, and borregaard chemicals and energy, and iii orkla brands, which is active in the processing and sale of food, drink and snack products to retail shops and food service customers, as well as in the production and sale of detergents and personal care products, cleaning solutions.
Rec is among the worlds largest producers of polysilicon and wafers for solar applications, and a rapidly growing manufacturer of solar cells and modules. The prospectus without the application form may also be viewed online at. Through integrated manufacturing from silicon to wafers, cells, highquality panels and extending to solar solutions, rec group provides the world with a reliable source of clean energy. Jun 08, 2016 our newsletters, company profiles and the information contained herein are strictly the opinion of the publishers energy prospectus group, a division of dms publishing, llc and is intended for informational purposes only. On the surface, this paints a troubling picture of the solar business climate in early 2017, particularly in california. The na ratio of rec solar asa is significantly lower than the average of its sector renewable energy equipment. Rec, however, will continue to be headquartered in norway with operational headquarters in singapore, producing highquality solar panels, with plans for further growth and expansion. Credit suisse multialternative strategy fund consolidated schedule of investments january 31, 2015 unaudited. The na ratio of rec solar asa is significantly lower than. Scatec solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide.
A presentation of the results will be held at hotel continental, stortingsgata 2426, oslo, norway, at 8. Photovoltaics merges rec services with srectrade solar. An introduction to rec, rec quality, and why rec panels are ideal for all types of installations, all over the world 3 mb. Rec solar asa was listed on the oslo stock exchange on oct. If your company is considering conducting a private offering or a public offering or listing with a stock exchange for a green energy project, has the team, knowledge and experience to assist you with. Jan 04, 2017 seia and solar energy finance association to merge. Rec concluded 2015 with 2,000 employees worldwide, 1. Readers are encouraged to do their own research and due diligence before making any investment decisions. Detailed project report solar power plant pdf viewer. Solar modules rec peak energy series rec peak energy series modules are the perfect choice for building solar systems that combine long lasting product quality with reliable power output. Photovoltaics uspv renewable energy certificate rec management, aggregation.
Steve oneil, rec s new ceo who joined the company on march 25, 2015, said. The company focuses on the production of solar panels and the development of solar power systems. Solar power plant, solar power supplier, solar farms, solar power plant 10kw. About rec solar rec solar commercial solar company. Rec solar asa manufactures renewable energy products. December 2016 and for the three months period ended. Evaluating the feasibility of a hybrid gasconcentrated solar power csp plant using. Power plant options report for thompson island a report. Add this topic to your myft digest for news straight to your inbox. If your company is considering conducting a private offering or a public offering or listing with a stock exchange for a renewable energy project, has the team, knowledge and experience to assist you with. Rec was founded in norway in 1996 and has since come a long way.
Jun 18, 2015 rec solar asa has sold all assets production facility, brand, patents, subsidiaries, etc. Among the top goals of the newly combined solar organizations is the expansion of similar tools for solar power development, including wider. On 17 january 2014, eam solar asa the company, the issuer or eam solar raised nok 220. Separation of rec silicon and rec solar announced on 18 july, 20 to be included as a permitted transaction. The business activities of the undertakings concerned are. Hawaiian electric, us navy and rec solar break ground on 20mw solar rec solar. May, 2015 rec solar to use elkems polysilicon as acquisition closes. The company was founded in norway in 1996 and manufactures its solar panels in singapore.
Rec silicon contemplated private placement marketwatch. Rec is one of the few fully integrated photovoltaic pv manufacturers in the world, producing from polysilicon, to wafers, to cells, to panels and to turnkey solar solutions. Yesterday pv magazine discovered staff reductions at both rec solar and spruce finance. Inside sources report that californias rec solar laid off 35 workers on february 16, and an unknown number of workers were laid off. Eam solar asa the company or eam solar, and together with its. Since the solar pv market has grown at high speed and since growth is expected to continue, we find it interesting to examine the market values of solar pv farm assets. Res has the capabilities to develop, construct, operate, and optimize the operation of solar projects utilizing photovoltaic pv technology we can provide feasibility, detailed design, and project management through to construction, finance, ownership. The leadership teams unmatched expertise in energy, construction and business generates value for our customers and all our team members. Rec silicon asa rec silicon will release its q2 2019 results on thursday, july 25, 2019 at 7. Firm orders for rec npeak first installations live 6 the worldsfirst rec npeak solar panels went to australia. Aug 29, 2017 29 august 2017 reference is made to the rights issue of eam solar asa and the capital increase towards eam solar park management as, both approved at the extraordinary general of eam solar asa on. What customers should know about the acquisition of rec by.
Rec solar to use elkems polysilicon as acquisition closes. Elkem is one of the worlds leading providers of silicones and silicon solutions and uniquely positioned in the market through full ownership of the value chain from quartz to specialty silicones. Rec certified solar professional program for installers. With solardesigntool, you can create a design from scratch and generate a full pv permit package in as little as 15 minutes. Rec solar asa company profile and news bloomberg markets. This registration document has been prepared by scatec solar asa in. Duke energy first acquired a majority interest in rec solar in february of 2015. Bluestar elkem will purchase 100% of the shares in a luxembourg company to be established which will own rec solar holdings as and all of the assets and liabilities of rec solar. Mainstream energy corporation purchased rec solar in 2006, combining it with its other company aee solar. Sunrun acquires rec and vertically integrates in residential pv keeping up with the jonesesnamely, solarcity jones and vivint jones eric wesoff february 04, 2014. Rec silicon is a leading producer of advanced silicon materials, delivering highpurity polysilicon and silicon gas to the solar and electronics industries worldwide. The solar energy industry comprises companies that manufacture solar energy equipment, including solar photovoltaic pv modules, polysilicon feedstock, solar thermal electricitygeneration equipment, solar inverters, and other related components.
What customers should know about the acquisition of rec by elkem. Rec solar panels are an increasingly popular option in quotes to shoppers comparing solar offers on the energysage solar marketplace. The firm makes solar wafers, cells and panels in singapore and is also building and operating solar plants. Apr 21, 2020 rec solar was created in september 20 as part of norwegian company renewable energy corp asas move to separate its solar and silicon operations.
Elkem solar and rec solar will deliver readymade solutions that will produce solar electricity at competitive costs with a record low greenhouse gas footprint. Best power output performance in a realworld setting rec is committed to providing high performance solar energy solutions and longterm value for solar system owners. Aa plc publication of prospectus further to the announcement published earlier today in connection with its initial public offering, aa plc confirms that its prospectus dated 23 june 2014 has been approved by the uk listing authority. About eam solar asa eam solar asa is an investment company that acquires and operates solar power plants for longterm ownership. Rec solar is a solar energy contractor specializing in commercial solar and storage systems, including the installation of commercial solar electric systems in the united states. Scatec solar 2014 scatec solar is divided up in three main business segments as shown in figure 1 above. Seia and solar energy finance association to merge utility dive. The board of directors of scatec solar asa sso or the company intends to carry out a private placement of up to 11,375,000 new shares, representing approximately up.
Initially, the letters rec stood for renewable energy corporation. Rec solar seeking sales growth from us market pv tech. Rec is also engaged in project development activities in selected pv segments. Rec solar asa is now a separate norwegian entity and no longer the parent company of rec.
A paper copy of this prospectus will be made available upon request during the exposure period. Credit suisse multialternative strategy fund consolidated schedule of investments continued january 31, 2015 unaudited. Generate a solar permit package for a design using rec solar rec320pe 320w sign up learn more. Jul 18, 20 renewable energy corporation asa rec said it plans to split polysilicon and module production operations into two separate companies, ending its fullyintegrated business model. Summary for scatec solar asa listing prospectus 21 march. Solar as member of the board of directors and rec silicon as.
A market approach for valuing solar pv farm assets april. Renewable energy corporation rec is the leading vertically integrated player in the solar energy industry. The company is focused on providing products and services to support commercial, government and utility scale solar photovoltaic pv installations. The efficiency and reliability with which a solar system produces electricity is due in large. Mergers and acquisitions, divestments and investments. This international markets for renewable energy certificates recs briefing supplements sr incs fivepart report on managing energy procurement risk, with market overviews and guidance to support the procurement of recs in. Japan is becoming a major market for rec solar panels, with the company expecting around 25% of its modules to be shipped to the country in 2014. The second integrated value chain is a complete process from quartz to solar panels. Regulation control of the whole of renewable energycorporation asa rec, norway.
Fujitsu singapore, a leading provider of itbased business solutions, today announced that it has been appointed by rec solar asa rec, a leading global solar energy solutions provider headquartered in singapore, as part of a 5year, multimillion dollar agreement sgd. Our experience covers both utilityscale, centralized energy solar farms and distributed solutions, across the americas and the emea region. Rec silicon asa, prospectus of september 26, 2018 registration document. Renewable energy prospectus s team has written and edited or assisted with investment introductions for scores of renewable energy prospectus. Aug 08, 2017 reference is made to the announcement from eam solar asa the company on 26 june 2017 regarding the fully underwritten rights issue directed towards shareholders of the company the rights offering, and the approval of the companys general meeting on 8 august 2017 of the rights offering of 1,250,000 new shares in the company the new. Renewable energy corporation asa, kjorboveien 29, 2 sandvika 2. Rec solar rec265peus blk solar panel wholesale supplier. Persons responsible for the information given in the prospectus are as follows.
Rec solar asa, acting through a subsidiary, has reached an agreement with bluestar elkem investment, whereby blustar elkem will purchase 100% of the shares. Twinpeak 2, twinpeak 2 blk2, twinpeak 2 mono, twinpeak 2s 72, and npeak series. Rec is a leading vertically integrated player in the solar energy industry. Group begins new era with the launch of the worlds first ntype mon rec solar. In other recent rec news, the company announced it is partnering with the fraunhofer institute for solar energy systems ise to develop ntype monocrystalline wafer based highefficiency solar cells. Capital goods norway 11242014 12032014 sapient corporation publicis groupe sa technology united states 11032014 12032014 susquehanna bancshares, inc. Credit suisse multialternative strategy fund consolidated. Rec peak energy 72 series panels are ideal for building largescale commercial and utility projects while reducing balance of system costs. Credit suisse multialternative strategy fund consolidated schedule of investments continued april 30. Board of directors the board of directors of the company companyissuer rec silicon rec silicon asa, the company is a public limited liability company incorporated and domiciled in norway. Rec solar leadership rec solar commercial solar company. This prospectus does not constitute an offer or an invitation to buy. Rec solar grade silicon llc is a limited liability company incorporated in state of delaware usa.