The Norwegian solar manufacturer REC Solar, a subsidiary of Chinese chemical company China National Bluestar Group, has reported that its global module shipments for 2016 reached 1,266 MW. This result represents a 9% increase compared to 2015, when the company shipped 1,159 MW. In 2014 and 2013 total shipments reached 918 MW and 834 MW, respectively.
In the fourth quarter alone, REC Solar registered shipments in the amount of 349 MW. This quarter, the company said, was the second best quarter ever, the best quarter ever in EMEA and the second best quarter ever in APAC. Furthermore, the company said it was able to double its market share in Germany to 13% during the latest quarter.
Americas accounted for around 53% of REC Solar shipments last year. In this region demand was particularly strong for residential PV projects, the company stressed in its report. Shipments to Americas, however, declined by 33% over the third quarter of last year.
Popular content
The company has not provided specific figures about sales in terms of revenue and average selling prices.
Furthemore, REC Solar said in the report that Elkem Solar, which is a solar-grade silicon producer also owned by China National Bluestar Group, has secured a 25.6 million NOK ($3 million) funding from Norwegian public company Enova. The company intends to use the funds for restructuring and investments in the production process.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.