Power outage in Moses Lake affecting polysilicon production

Sandvika, July 30, 2010; REC Silicon has experienced a power supply outage with a 100 percent power loss and consequently all of REC Silicon's manufacturing facilities in Moses Lake, Washington, have been shut down.

According to Grant County Public Utility District (Grant County PUD), the entity responsible for power supply to the Moses Lake plant, the four hours outage was due to an equipment failure in Grant County PUD's systems serving REC Silicon amongst others.

REC Silicon has been able to restart parts of production, but it is anticipated to take another two weeks before production is back at pre-outage levels. This event is not expected to have any impact on the production in REC Wafer.

For more information, please contact;
Mikkel Tørud, VP & IRO, +47 976 99 144

About REC
REC is a leading vertically integrated player in the solar energy industry. REC is among the world's largest producers of polysilicon and wafers for solar applications, and a rapidly growing manufacturer of solar cells and modules. REC is also engaged in project development activities in selected PV segments. Founded in Norway, REC is an international solar company, employing close to 4,000 people worldwide. REC had revenues in excess of NOK 9 billion in 2009.  Please visit www.recgroup.com to learn more about REC

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)