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REC Group, Sunrun expand solar panel supply agreement

Terms of the new deal cal for Sunrun to double its previous offer to purchase 50MW of solar panels.

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 strengthening the partnership with REC Group. 'It reflects the confidence we have and that our qualified installers have in REC's high-performance rooftop solar products today and in the future," Winnowski said.  

The amended Sunrun agreement is the latest in REC's string of major panel supply agreements and installations in the US market. REC has signed 703 MW of long-term supply agreements for the residential, commercial, and utility segments in the US market since May 2014.

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Energy efficiency  •  Energy infrastructure  •  Photovoltaics (PV)  •  Solar electricity