REC ASA - REC Solar Modules Installed at Hugo Boss Logistics Center

Reflecting REC's continued expansion into the commercial roof-top segment and growing interest in solar energy from global companies, more than 4,500 REC modules have been installed on the roof of the new Hugo Boss logistics center in Metzingen, Germany by REC partner GOLDBECK, a large construction company focusing on industrial roof-top and ground mounted PV installations.

Among the Largest Roof-top PV Plants In Germany; One Million kWh of Solar Energy Annually

Sandvika, Norway, September 21, 2009 - Reflecting REC's continued expansion into the commercial roof-top segment and growing interest in solar energy from global companies, more than 4,500 REC modules have been installed on the roof of the new Hugo Boss logistics center in Metzingen, Germany by REC partner GOLDBECK, a large construction company focusing on industrial roof-top and ground mounted PV installations. The 22,000 square-meter roof-top solar installation is among the largest and most powerful in the country, expected to produce around one million kWh of solar energy each year and reduce greenhouse gas emissions by 540 tons.

"This significant installation of solar modules underscores the important development of deploying solar modules on commercial roof-tops," said Mr. John Andersen Jr, REC EVP & Group COO. "We are pleased to partner with GOLDBECK on this project and proud that Hugo Boss chose REC's high performance solar modules to help power its new logistics center."

Added Mr. Joachim Goldbeck, Managing Director, GOLDBECK; " In the industry it is becoming common knowledge, that economically and ecologically sustainable and attractive actions are jointly available and actually irreversibly merging. We are effectively seeing more global companies turning to solar." We look forward to continuing to work with REC, which has proven to be a dependable partner committed to quality."

About REC
REC is the leading vertically integrated player in the solar energy industry. REC Silicon and REC Wafer are among the world's largest producers of polysilicon and wafers for solar applications. REC Solar is a rapidly growing manufacturer of solar cells and modules, and are also engaging in project development activities in selected segments of the PV market. REC had revenues of NOK 8 191 million and an operating profit of NOK 2 529 million in 2008. Close to 3 000 employees work in REC's worldwide organization.

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