REC supplies solar modules for the largest roof-based solar system in Northern Europe

Renewable Energy Corporation (REC), the largest European supplier of solar modules, announced the completion of the largest solar rooftop system in Northern Europe using REC modules.

Munich – August 23, 2012: The pioneering roof-based system located at the headquarters of Topdanmark, the second largest insurance company of Denmark, was constructed by the Danish company DrivhusEffekten ApS. The installation was connected to the grid at the opening ceremony on August 17, 2012. It has an annual production capacity of 752,000 kWh, corresponding to the average annual power consumption of almost 200 households. 3,042 REC Peak Energy Series modules, supplied by EWS, were used in the installation located in Ballerup, near Copenhagen, Denmark.
At the opening around 130 guests were welcomed by Lars Lokke Rasmussen, the former prime minister of Denmark who is currently Chairman of the Venstre Party and of the Global Green Growth Institute who inaugurated the solar installation. Connie Hedegaard, EU Climate Commissioner, spoke at the event about the importance of solar in the European energy mix. Guests were also invited by Topdanmark to attend a short seminar on the solar system and the business case supporting the investment.

“We have done a thorough analysis of advantages and disadvantages of investing in such a large solar system and concluded that the solution is a good investment for us”, stated Christian Sagild, CEO, Topdanmark. The environmental benefit is impressive as the company expects to reduce annual carbon emissions by 600 tons by using the solar power produced locally. As Denmark has one of the highest retail electricity prices in Europe, the system will quickly be profitable.

“We are very pleased that DrivhusEffekten recommended REC modules for this large project”, said Luc GrarĂ©, Senior Vice President Sales and Marketing Cells & Modules, REC Solar. “With retail electricity prices in Denmark higher than the actual cost of solar systems, we see a promising potential for the Danish solar market. Another benefit is net-metering that allows customers to use and get credit for unused electricity thereby reducing their energy bill.”

Bjarne Rasmussen, DrivhusEffekten added: “REC was selected as module supplier because of the high quality and the excellent power output of their modules.” REC modules are ranked in the top position for energy yield in the Photon Module Field Performance Test, providing six percent more energy on average than competing brands.

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.