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US-based Renewable Energy Corporation looking for partners in India

According to reports, US-based Renewable Energy Corporation is looking for partners in India. REC needs partners to distribute its solar modules and also to take up a part of the manufacturing of the modules, if need arises.

REC, a fully integrated company that produces everything from polysilicon to solar modules, has a production facility in Singapore that is capable of making 800 MW worth of modules a year.

Being present in the every segment of module making starting from polysilicon, REC believes it has control over the entire supply chain, and therefore the costs.

The company has bagged an order from Kanoria Chemicals for the supply of modules for 5 MW. REC is selling crystalline silicon modules that convert 15.5 per cent of solar energy into electricity. Its officials said at an interaction with journalists at Solarcon India 2011, that there more deals were close to completion.

Dismayed over the recent guidelines that call for local manufacture, REC said that it produces the modules cheapest at Singapore, with the advantages of scale.

The company’s officials said that while the Indian Government was okay with developers importing thin-film modules, crystalline silicon modules had to have local content. This, they said, skewed the market against crystalline silicon technology.

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