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Low prices continue to put severe pressure on margins for all solar component suppliers
February 8, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Renewable Energy Corporation ASA (REC) reported fourth quarter 2012 revenues from continuing operations of NOK 1,687 million and negative EBITDA of NOK 34 million. EBIT was negative NOK 2,178 after NOK 1.8 billion impairment on fixed assets related to the REC Silicon operations in the U.S. Net debt remained unchanged at NOK 1.8 billion from the previous quarter. Solar demand improved somewhat in the fourth quarter 2012 compared to the weak third quarter. However, the slowdown observed in t...
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