The Renewable Energy Corporation (REC) is a solar power company with headquarters in Singapore. REC produces silicon materials for photovoltaics (PV) applications and multicrystalline wafers, as well as solar cells and modules. It is a wholly-owned subsidiary of Reliance New Solar Energy Limited.
The previous parent company of REC was ChemChina, one of the largest chemical companies and state-owned by the People's Republic of China, which held its stake in Elkem since 2015 through the China National Bluestar Group.[4] The purchase price was 490 million euros.[5] On 10 October 2021, Indian conglomerate Reliance Industries announced that its subsidiary, Reliance New Solar Energy Limited, had acquired complete control of REC from China National Bluestar Group for US$771 million.[6][7][8]
^"Norwegian solar energy company REC Group becomes part of Reliance Industries Ltd. and accelerates its expansion". REC Group. 10 October 2021. Retrieved 31 October 2021.
^"Contact". REC. Retrieved 31 October 2021.
^ abcdef"Annual Results 2010" (PDF). Renewable Energy Corporation. Retrieved 10 February 2011.
^Eco-Business (December 2014). "REC Solar to combine with Elkem after US$640m Chinese buyout". Eco-Business. Retrieved 17 May 2020. {{cite web}}: |last= has generic name (help)
^"Rec Solar: Aktionäre nicken Verkauf an Chinesen ab". www.solarbranche.de. Retrieved 17 May 2020.
^"Norwegian solar energy company REC Group becomes part of Reliance Industries Ltd. and accelerates its expansion". REC Group (USA). 10 October 2021. Retrieved 30 October 2021.
^"Ambani Accelerates Push Into Green Energy With Solar Deals". Bloomberg.com. 10 October 2021. Retrieved 30 October 2021.
^Team, BS Web (10 October 2021). "RIL's renewable energy arm buys REC Solar Holdings in $771 mn deal". Business Standard India. Retrieved 30 October 2021.
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