About REC Group
REC Group is a company based in Sandvika (Norway) founded in 1996 was acquired by Reliance New Energy Solar in October 2021. It operates as a Direct-to-Consumer (D2C) and Reseller / Distribution. REC Group offers products and services including REC Alpha Pure-RX, REC Alpha Pure-R, REC Alpha Pure 2, and REC Alpha Pro M. REC Group operates in a competitive market with competitors including NexWafe, Hanwha, Pennar, NorSun and Daqo New Energy, among others.
- Headquarter Sandvika, Norway
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Rec Solar Holdings As
- Date of Incorporation 27 Jul, 2012
- Jurisdiction Sector -45, Haryana, India
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Annual Revenue
$364.47 K (USD)-12.08as on Mar 31, 2022
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Net Profit
$24.4 K (USD)-46.77as on Mar 31, 2022
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EBITDA
$145.05 K (USD)19.17as on Mar 31, 2022
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Latest Funding Round
Not available
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Investors
European Union
& 1 more
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Employee Count
Not available
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Acquired by
Reliance New Energy Solar
(Oct 10, 2021)
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Products & Services of REC Group
REC Group offers a comprehensive portfolio of products and services, including REC Alpha Pure-RX, REC Alpha Pure-R, REC Alpha Pure 2, and REC Alpha Pro M.
High-efficiency solar panels are offered with HJT technology.
Solar panels are provided with lead-free HJT technology.
Efficient solar panels are built using HJT technology.
Powerful solar panels are designed with HJT technology.
People of REC Group
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Sales and Marketing
14 people
Software Development Team
10 people
Leadership Team
7 people
Senior Team
6 people
Finance and Accounting
6 people
Human Resources and Administration
5 people
Global Team
2 people
Principal Team
2 people
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Funding Insights of REC Group
Investors in REC Group
REC Group has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Reliance New Energy Solar.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Polysilicon solar panels are manufactured by Reliance New Energy Solar.
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Investor details for REC Group
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Investments & Acquisitions by REC Group
Investment portfolio details for REC Group
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Financial Statements - REC Group
Detailed financials for REC Group
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- Profit trends
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Rec Group Comparisons
Peer comparison for REC Group
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- Headcount comparison
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Competitors of REC Group
REC Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NexWafe, Hanwha, Pennar, NorSun and Daqo New Energy, among others.
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Solar PV wafers are manufactured and supplied to cell producers.
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Manufacturer of solar cells, modules, and other related components
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Precision-engineered products and building solutions are manufactured.
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Mono-crystalline silicon wafers are supplied for the solar energy sector.
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Polysilicon and silicon wafers are manufactured for solar applications.
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Homeowners are connected to solar panel installers via a marketplace.
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Detailed competitors of REC Group
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Latest news on Rec Group
Complete news archive for REC Group
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Frequently Asked Questions about REC Group
REC Group was founded in 1996 and raised its 1st funding round 26 years after it was founded.
REC Group is headquartered in Sandvika, Norway.
Annual revenue of REC Group is $364.47K as on Mar 31, 2022.
REC Group is established as a prominent manufacturer of solar panels since 1996. The company is focused on the renewable energy sector, specializing in high-efficiency solar technology such as Heterojunction (HJT). Products are manufactured in Singapore, ensuring quality through advanced automation. Solutions are provided for both residential and commercial applications, supported by world-class warranties like REC ProTrust. Commitment to sustainability is emphasized through ethical manufacturing and equitable work practices. A global presence is maintained with offices in multiple regions including Europe, Asia, and the Americas.
REC Group's top competitors include NexWafe, Pennar and Astronergy.
REC Group offers REC Alpha Pure-RX, REC Alpha Pure-R, REC Alpha Pure 2, and REC Alpha Pro M.
REC Group has 2 investors. Key investors include European Union, and Reliance New Energy Solar.