REC Group, a leading global provider of solar energy solutions, has signed solar panel supply agreements totaling 85MW with a major US engineering, procurement and construction company for utility-scale projects in the United States. The contracts mark the first purchase orders for REC's Peak Energy 72-cell panel series, which was introduced in July to meet the specific requirements in the U.S. utility and large commercial markets.1
"REC has already doubled its US order intake over the past 12 months, thanks to the recent big wins with residential leaders SolarCity and Sunrun," said Martin Cooper, CEO of REC Group. "With our new 72-cell product, we are seizing opportunities in the US large commercial and utility markets and are demonstrating significant growth in line with our expectations."
1. The utility segment accounts for the largest portion of solar installations in the burgeoning US market, according to GTM Research. The firm predicts that the segment will exceed 3 GW of new installations in 2014 and increase to nearly 6 GW by 2016. Much of that growth, according to GTM Research, is expected to come from states such as Colorado, North Carolina, Georgia and Texas.