REC discusses Asian financing and management of capital for solar utility projects at Asia Clean Energy Forum 2012

REC today announced its participation at Asia Clean Energy Forum 2012 to be held in Manila from June 4-8, 2012.

Singapore, June 8, 2012: “With some of the highest rates of solar irradiation, Asia Pacific is an important locale that holds untapped potential for the solar industry. REC is excited to participate in the Asia Clean Energy Forum to discuss and share best practices in financially enabling utility projects which can and should be adopted by both the private and public sectors around the region,” said Matt Daly, General Manager, REC Solar Asia Pacific. “Solar offers developing nations in Asia huge opportunities as a leapfrog technology. However, the project financing needs to be addressed before Asia can fully reap the benefits of solar.”

Matt Daly will be participating as a speaker during the conference at a breakout session to discuss how the development of a focused project financing landscape is crucial for the adoption of solar utility projects in Asia, and how developers and investors can hedge themselves against the financial risks involved.

“It is imperative for governments, regulators and key players in the finance industry to develop opportunities and the necessary infrastructure that will allow the region to leverage its high solar potential,” Matt Daly added. “REC is interested in ideas that will deliver reliable and affordable energy supplies to the numerous diesel-dependent communities in Asia that still experience energy deficiencies. With the right support and financial infrastructure, Asia’s energy requirements can be substantially met through the adoption of solar energy.”

For further information, please contact:
Adrian Lim
Head of Marketing, REC Solar Asia Pacific
T: +65 6880 7916
E: adrian.lim@recgroup.com

About REC:
REC is a leading vertically integrated solar energy company. REC produces polysilicon, wafers, cells and modules for the solar industry, and silicon materials for the electronic industry. REC also engages in project development in selected PV segments. Founded in Norway in 1996, REC employs around 3,200 people globally with revenues of more than EUR 1.7 billion in 2011, approximately USD 2.4 billion. Please visit www.recgroup.com to learn more about REC.