INTELLIGENT BRANDS // Green Technology
REC Group plans strategic
collaboration with Swiss
solar technology leader
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F
ollowing the successful launch of
REC Group’s ground-breaking Alpha
solar panel at Intersolar in Munich in
May 2019, a leading European brand for
solar photovoltaic panels has announced
that it has signed an MoU for a strategic
collaboration with Swiss technology leader,
Meyer Burger. As a front-running innovator
leading the pack in solar technology, REC
Group is looking to further leverage on the
already existing collaboration.
Based on the cutting-edge technology
equipment by Meyer Burger, REC’s
Alpha module achieved ground-breaking
efficiencies. As the world’s most powerful 60-
cell solar panel, the announcement of Alpha
was met by immediate interest and demand
by the market and is expected to be a game-
changer in the industry.
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REC intends to now increase its 600MW
heterojunction technology (HJT) and
SmartWire Connection Technology (SWCT)
production capacity for Alpha, using
equipment from Meyer Burger, to multiple
GW in cooperation with a potential strategic
partner. REC is actively reviewing potential
partners for the expansion.
In exchange for adequate exclusivity
protection for specific HJT and SWCT
technology, REC is in principle prepared to
enter into a profit-sharing agreement with
Meyer Burger.
The terms for this are to be agreed by the
companies and their respective Boards.
Building on the leading expertise that Meyer
Burger brings to the table, REC is confident
that this intense collaboration will create
significant long-term company value for
both parties and will reshape the market.
REC Group’s CEO, Steve O’Neil, commented:
“Together with Meyer Burger, REC developed
the industry’s flagship panel, the Alpha. We are
confident that strengthening our partnership
with Meyer Burger will further drive innovation
and higher efficiencies, the only way to
strongly empower consumers with clean and
affordable solar energy and accelerate energy
autonomy of communities worldwide.”
“As the leading premium and integrated
non-Chinese solar panel manufacturer and
with its reputation for operational excellence,
REC is the ideal partner to continue the
commercialisation of Meyer Burger’s high
efficiency PV technologies,” said Hans
Brändle, CEO of Meyer Burger. n
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