25 Feb '15, 4pm

REC Group, Sunrun expand solar panel supply agreement: Terms of the new deal cal for Sunrun to double its prev...

REC Group, a leading global provider of solar energy solutions, and Sunrun, the largest dedicated residential solar company in the United States, has expanded their supply agreement signed in August 2014. Under the terms of the deal, Sunrun will purchase 100 MW of REC's Peak Energy solar panels, with deliveries scheduled throughout 2015. "Our original panel supply contract with Sunrun called for a minimum of 50 MW, with an option for up to 100 MW, so this doubling of volume underscores the solid relationship between the two companies and our position in the U.S. residential market," said Arndt E. Lutz, senior vice president of REC Group and managing director of its North American business. Paul Winnowski, chief operating officer of Sunrun, said the expanded supply agreement ensures a reliable supply of solar panels for its residential customers' solar systems while strengt...

Full article: http://www.renewableenergyfocus.com/view/41503/rec-group-...

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