Solar PV company REC Group will showcase its product innovations at REI Expo, India’s largest trade show for renewable energy, to take place at the India Expo Center in Greater Noida later this month.
REC will present three new flagship products featuring the award-winning TwinPeak technology, including 60 and 72-cell multicrystalline panels. The TwinPeak 2, 2S and 2SL panels are based on the company’s half-cut cell technology featuring multicrystalline PERC cells, split junction box and five bus bars for higher power output per square meter, increased yields and lower costs. This means shorter payback times for investors of rooftop and ground mounted solar PV installations.
REC will be in Hall 10 at booth 10.44 from September 20-22, 2017. The company is currently the largest European panel manufacturer with a presence in India. It has a state of the art manufacturing facility in Singapore and has shown consistent growth for years globally, particularly in the APAC region where shipments in Q2 2017 have increased by 244 percent over Q2 2016.
The company has also enjoyed tremendous growth in India, with a nine-fold growth in shipments through the first six months of 2017 compared to the same period in 2016, a cumulative capacity of more than 250 MW of REC panels shipped and a position as the leading non-Chinese manufacturer in the growing rooftop segment over the last two years.
“Our remarkable growth in India is demonstrated by a whopping customer retention rate of 85 percent and is based on our unique value proposition, strong financial stability as well as our successful distribution network and strong presence in India” said Stephan Herkert, CCO at REC Group. “The Indian rooftop market offers REC and our valued partners an immense potential. Thanks to our global credentials, we have already acquired key clients in the IT, automotive, manufacturing and infrastructure industries”.
Rohit Kumar, Head of REC India, added that one of the company’s strategic moves to enter into smaller and regional markets was to use a capable and financially robust distributor with pan-India presence, such as Redington India Ltd. The company managed to win more than 100 EPC partners in a span of less than a year and, moving forward, the segment will play a crucial role for its footprint in the highly lucrative rooftop market.