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SolarCity®
and REC Group, traded under the company name REC
Solar ASA, a leading global provider of energy solutions, today
announced a supply agreement under which SolarCity will purchase a minimum of
100 MW and up to 240 MW of REC's high quality, high-performing Peak Energy
solar panels during a 12 month period beginning in Q4 2014. SolarCity, the
U.S.' largest solar power provider, plans to install the solar panels across
its 15-state service territory. The solar panels are compatible with
SolarCity's Zep Solar mounting system—REC and Zep Solar entered into a
technology licensing agreement earlier this year.
"The availability of competitively priced, U.S. trade-compliant PV modules is
an important development for the global solar industry," said Tanguy Serra,
SolarCity's chief operations officer. "REC delivers high-performance modules
with excellent resistance to degradation, all with a responsible environmental
footprint."
REC is a leading manufacturer of wafers, cells and solar panels for solar
applications. REC's solar panels are backed by its linear 25-year power output
guarantee, and feature enhanced power production per square foot, robust and
durable design, easy installation, optimized performance in all sunlight
conditions, with a typical energy payback time of less than one year.
"REC Group is excited to partner with SolarCity, extending our presence in
North America's rooftop generation markets," said Arndt E. Lutz, REC Group's
senior vice president. "Our high quality, tariff-free, bankable solar modules
are an excellent fit for the United States' largest solar power provider."
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