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Experienced improved demand for solar panels in the first quarter 2013 compared to the second half of 2012
April 25, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Renewable Energy Corporation ASA (REC) reported first quarter 2013 revenues of NOK 1,278 million ($218.2 million) and EBITDA of NOK 46 million ($7.9 million). EBIT was negative NOK 159 million. REC’s cash position improved by NOK 0.1 billion to NOK 2.0 billion. REC experienced improved demand for solar panels in the first quarter 2013 compared to the second half of 2012. The slowdown observed in the largest solar markets in Europe is being offset by growth in other markets, in particula...
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