Munich, January 28, 2014: REC, a leading global provider of solar energy solutions, today announced a Platinum Partnership with BayWa r.e. renewable energy GmbH (BayWa r.e.), one of Europe's leading suppliers in renewable energy. A REC Global Program member since 2006, BayWa r.e. consistently wins substantial business in the residential and commercial segment for REC, and the Platinum Partnership marks the culmination of a tremendously successful 2013 for the alliance between the companies.

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The Platinum Partnership is awarded to partners who make a significant investment in REC through a combination of revenue achievement, installer certification, joint planning and extensive training capabilities. BayWa r.e. is REC's longest standing partner, and already had Gold status prior to the recent announcement. The Platinum Partnership takes the long-term relationship between the companies to the next level. As a Platinum partner, BayWa r.e. will enjoy comprehensive marketing, sales and technical support through REC's portfolio of partner services and tools.

This is not the first accolade that BayWa r.e. has earned from REC: the company is also REC's 2013 Growth Partner of the Year, earning this award for managing to double its REC sales revenue year-on-year from 2012 to 2013. REC's new Platinum Partner has finalized installations with REC solar panels in excess of 20 MW in 2013 alone, and is one of our top three distributors in Europe.

"We are delighted to welcome BayWa r.e. as a Platinum Partner," says Luc Graré, Senior Vice President Sales and Marketing, REC. "Since joining the REC Partner Program, they have sold REC solar panels with a capacity in excess of 40 MW - including over 20 MW in 2013 alone. The company has certified around 25 Solar Professionals to date and counting, further expanding our network. With a shared commitment to success, we're looking forward to building and expanding this mutually profitable alliance."

Günter Haug, Managing Director at BayWa r.e. also welcomes the new Platinum Partner status. "The REC Partner Program gives us the great advantage of being part of an exclusive circle of distributors. REC provides excellent products, and there is clear, shared commitment to building a long-term partnership. So we're delighted to be reinforcing our alliance with Platinum status."

Founded in 2009 as the renewable energy arm of energy and agriculture giant BayWa AG, BayWa r.e. is active in project development and finance and turnkey installations in numerous countries across Europe, with REC.

For further information please contact:
Anja Hesse
Public Relations Manager, REC Solar Germany GmbH
Leopoldstr. 175, 80804 Munich, Germany
Phone +49 89 54 04 67 223 
Email anja.hesse@recgroup.com         

About REC:

REC is a leading global provider of solar energy solutions. With more than 15 years of experience, we offer sustainable, high performing products, services and investments for the solar industry. Together with our partners, we create value by providing solutions that better meet the world's growing energy needs. REC is headquartered in Norway and listed on the Oslo Stock Exchange (ticker: RECSOL). Our 1,600 employees worldwide generated revenues of NOK 4.1 billion in 2012.

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