REC Group is an international pioneering solar energy company leading the industry through its technological innovations and superior, high efficiency, and long-life solar cells and panels for clean and affordable solar power.
The 25-year-old company has three manufacturing facilities, two in Norway for making solar-grade polysilicon, and one in Singapore making PV cells and modules.
In India, Reliance plans to use this industry-leading technology in their fully integrated, metallic Silicon to PV Panel manufacturing giga factory at Dhirubhai Ambani Green Energy Giga Complex, Jamnagar initially starting with 4 GW per annum capacity and eventually growing to 10 GW per annum.
Reliance's deep expertise of scale, project execution and operational excellence coupled with REC's technology will facilitate the establishment of a state-of-the-art next-generation fully-integrated PV manufacturing facility at Dhirubhai Ambani Green Energy Giga Complex, and subsequently, replicate such complexes around the world.
The acquisition of REC will help Reliance with a ready global platform and the opportunity to expand and grow in key green energy markets globally, including in the US, Europe, Australia and elsewhere in Asia.
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