REC to host investor and analyst event at the new solar production facility in Singapore

Sandvika, August 31, 2010; As previously announced, Renewable Energy Corporation ASA (REC) is pleased to invite investors and financial analysts to REC's new integrated solar production facility in Tuas, Singapore on November 2-3, 2010.

The visit will be arranged in conjunction with the Grand Opening of the new Singapore facility.

The event will start on November 2 at 16:00 (SGT) and end November 3 at approximately 17:00 (SGT). REC executive management representatives will host an Investor and analyst seminar and a plant tour will be given. For more information about the program please visit www.recgroup.com/investorevent.

"We are pleased to invite you to Singapore for an Investor and analyst seminar, a plant tour and the grand opening of our new production facility. The official opening of the Singapore facility is an important milestone in RECs development. The objective of this event is to give investors and analysts a better understanding of our operations in Singapore", says CEO Ole Enger.

The number of participants at this event will be limited, and analysts and investors who are interested in attending are required to register in advance. Priority will be given to sell-side analysts covering REC and current REC shareholders. If you would like to participate, please go to www.recgroup.com/investorevent for more information and to register.

Deadline for expressing interest in participating is set to Friday September 10. You will receive confirmation of your participation and more information about program soon after this deadline.

A live webcast of the Investor and analyst seminar will be available from our website, and all presentation material will be released on the day of the seminar.

This event and the Grand Opening of the REC facility coincides with the Singapore International Energy Week ( http://singapore.iew.com.sg ) which offers a wide array of activities including the Clean Energy Expo Asia where REC executives will be among the conference speakers.

For more information please contact:
Mikkel Tørud
Vice President and Investor Relations Officer
+ 47 97 69 91 44

Peder Poulsson
Investor Relations analyst
+ 47 95 02 63 11

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.