27 Oct '14, 2pm

via @pv_tech REC Solar to sell full module production capacity in 2014

REC Solar reported third quarter 2014 revenue of US$149.1 million, down 9.3% from the previous quarter, which the company said was due to the seasonal slowdown in Europe and softness in the Japanese market. Image: REC Solar According to management, REC Solar is expected to focus on US, Japan and European markets, notably the UK again in 2015. Image: REC Solar Singapore-based PV module manufacturer REC Solar expects to sell its full module manufacturing capacity output in 2014, further indicating a turnaround in fortunes after restructuring. REC Solar reported third quarter 2014 revenue of US$149.1 million, down 9.3% from the previous quarter, which the company said was due to the seasonal slowdown in Europe and softness in the Japanese market. However, PV module production in the quarter was up 7.1% (248MW) from the prior quarter as well as the company expecting production...

Full article: http://www.pv-tech.org/news/rec_solar_to_sell_full_module...

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