REC Group, SolarCity Sign OEM Supply Agreement

REC Group, traded under the company name REC Solar ASA, and SolarCity 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.’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 an 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 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.”