REC expands its market activities in India

Renewable Energy Corporation (REC), the largest European supplier of solar modules, announces Mr. Shailendra Mohan Bebortha as Managing Director for REC Systems India. In addition to the incorporation of REC Systems in India, REC announces the opening of a new REC Solar Sales office in Noida, near New Delhi, India.

Munich – July 31, 2012: REC Systems develops, installs and sells state-of-the-art solar power plants with some of the most reliable quality guarantees in the industry. The team manages all stages of PV project and turnkey solution development, depending on customer needs. Using REC’s own high performance and cost efficient module technology in combination with REC’s extensive experience and access to financing, makes REC Systems uniquely positioned to realize medium and large solar systems.

Having joined REC Systems India on July 9, 2012, Bebortha will build up the organization and execute REC’s strategy to expand the market for utility-scale solar power plants. Bebortha offers a wealth of industry knowledge based on his years of experience in the global solar industry. Combined with REC Solar’s increased sales activities and the new office in India, this will help REC further penetrate this booming new market. REC estimates that India has a potential of 12 GW of solar projects by 2016 which is in line with the National Solar Mission launched by Indian Government in 2010. Their aim is to create a solar capacity of 20 GW by the year 2020.

“We are very pleased to welcome Shailendra Mohan Bebortha as Managing Director for REC Systems India. He brings with him vast professional experiences as well as a strong network in the renewable energy sector”, said Terje Pilskog, Senior Vice President, Business Development and Systems, REC Group. “India has huge potential for solar energy and we look forward to continuously build our presence in the market with Shailendra and providing India with consistent electricity delivery.”

“I believe that my skill set will be well-applied and make a solid contribution to the company’s vision for growth”, added Shailendra Mohan Bebortha. “I am looking forward to helping REC System expand and strengthen their presence in the Indian market.”

Before joining REC Systems India, Bebortha was Head of Project Finance at Sunborne Energy where he was responsible for fundraising, project structuring and risk management of solar projects. Previously he was Director with Epuron Renewable Energy India, where he worked primarily with finance and strategy projects. Bebortha holds a Masters degree in Business Administration and a post-graduate diploma in International Trade Laws.

For further information, please contact:
Anja Hesse
Public Relations Specialist, REC Solar
T: +49 89 442 3859 70
E: anja.hesse@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 3,100 people globally with revenues of more than NOK 13 billion in 2011, approximately EUR 1.7 billion or USD 2.4 billion. Please visit www.recgroup.com  to learn more about REC.