REC has won a deal to double the supply of solar panels to Sunrun to 100 megawatts this year.
The deal is an extension to an agreement signed in August 2014. “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. “Customers like Sunrun understand the value of REC’s high standards of quality, reliability and integrity inherent in our products and the way we do business.”
The amended Sunrun agreement is the latest in REC’s string of major panel supply agreements and installations in the US. REC has signed 703MW of long-term supply agreements for the residential, commercial, and utility segments in the US since May 2014.
REC is expanding its production capacity to 1.3 gigawatts at its vertically integrated Singapore manufacturing facility.
