Renewable Energy Corporation ASA
OSL:REC ISIN:NO0010112675
News
Renewable Energy Corporation ASA (OSL:REC) Sandvika, January 16, 2008: REC has entered into a long-term agreement for supply of multi crystalline silicon wafers to LG Electronics Inc. Under the agreement, REC will until 2014 deliver wafers worth more than USD 340 million (~NOK 2.2 billion).
Renewable Energy Corporation ASA (OSL:REC) REC will host an analyst Q&A conference call today at 15:00 CET in connection with this mornings announcement "Update on polysilicon expansion (Plant III)". Please make sure to dial inn at least 5 minutes ahead of time to finalize your registration:
Renewable Energy Corporation ASA (OSL:REC) Sandvika, December 15, 2008: REC has, in early December, formally accepted and taken control over the entire FBR-area and all related equipment at the new plant under construction in Moses Lake, Washington. The first reactor test runs have been successfully completed. However, during final stages of the commissioning in the silane gas production area, REC encountered quality issues with certain standard prefabricated carbon steel pipes. Control measures and repairs were initiated immediately. Based on the final conclusions of the analysis undertaken during the last few days, start-up of the silane production will be delayed until late January 2009. This will negatively affect production of polysilicon and, to some extent, wafers and solar cells in 2008 and early 2009.
Renewable Energy Corporation ASA (OSL:REC) As part of the employee share purchase program, primary insider Kristine Ryssdal (SVP & Chief Legal Officer) has purchased 505 shares. After this transaction Ms. Ryssdal and related parties hold 505 shares and 14,279 share options (strike price 178.59) in the company.
Renewable Energy Corporation ASA (OSL:REC) Sandvika, November 3, 2008; As part of the employee share purchase program, approved by the Annual General Meeting 19 May, 2008, Renewable Energy Corporation ASA has on November 3, 2008 purchased 294,200 shares at a price of NOK 69.36 per share which corresponds to the weighted average market share price on November 3, 2008.
Renewable Energy Corporation ASA (OSL:REC) Primary insider Gøran Bye (Executive Vice President, REC Silicon) has today through his wholly owned company SchoutByNacht AS purchased 4,400 shares in Renewable Energy Corporation ASA at an average price of NOK 48.61 per share. After this transaction Mr. Bye and related parties hold 34,800 shares and 22,558 share options (strike price 178.59) in the company.
Renewable Energy Corporation ASA (OSL:REC) Enclosed is REC's interim results presentation for the third quarter 2008. The presentation will be held at 08:00 CET today at the Oslo Konserthus (Oslo, Norway).
Renewable Energy Corporation ASA (OSL:REC) Oslo, October 21, 2008: Renewable Energy Corporation ASA (REC) reported revenue of NOK 1,919 million in the third quarter 2008, an increase of 30 percent from NOK 1,480 million in the third quarter 2007. Revenues for the first nine months of 2008 were NOK 5,811, representing an increase of 22 percent.
Renewable Energy Corporation ASA (OSL:REC) Sandvika, October 20, 2008. REC has entered into a long-term take-or-pay agreement for the supply of fine particulate silicon - or "silicon powder" - from the FBR-process. The contract has a value in excess of USD 500 million (~NOK 2.9 billion).
Renewable Energy Corporation ASA (OSL:REC) Morning program: REC will release its third quarter results for 2008 on Tuesday October 21, 2008 just after 07:00 AM CET.
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