REC remains a stable partner in the solar business. This is underlined anew by the recently released company report.
According to the REC Solar Market Insight, the company has recorded an annual revenue growth of 11 % in 2015 to USD 755 million, outpacing the revenue growth of 5 % in the previous year. Module shipments in 2015 were increased by 26 % to 1,159 megawatts (MW) compared to 2014. Over 50 % of the sales in 2015 went to the U.S. market.
As the module shipments are running at full annual production capacity of 1.3 GW since the end of the second half-year 2015, REC has announced another expansion of its production capacities to 1,7 GW by the end of 2016.
In addition, in the annual report you will also find a very interesting market assessment including several future scenarios.