REC Solar Overview

  • Year Founded
  • 1996

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 1,636

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 5

  • Investments
  • 6

REC Solar General Information

Description

Manufacturer of solar panels intended to offer solar power solutions and sustainable energy products. The company's products include wafers, solar cells, and other solar materials as well as offers related maintenance and installation services.

Contact Information

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Corporate Office
  • Fiskaaveien 100
  • 4621 Kristiansand
  • Norway
Primary Industry
Alternative Energy Equipment
Parent Company
Vertical(s)
CleanTech, Manufacturing
Corporate Office
  • Fiskaaveien 100
  • 4621 Kristiansand
  • Norway

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REC Solar Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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REC Solar Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Manufacturer of solar panels intended to offer solar power solutions and sustainable energy products. The company's prod
Alternative Energy Equipment
Kristiansand, Norway
1,636 As of 2024

Wuxi, China
 
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REC Solar Competitors (18)

One of REC Solar’s 18 competitors is Tata Power Solar Systems, a Corporate Backed or Acquired company.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Tata Power Solar Systems Corporate Backed or Acquired
Wuxi Suntech Power Co. Formerly PE-Backed Wuxi, China
SYNCRIS Accelerator/Incubator Backed Minneapolis, MN
Orb Energy Private Equity-Backed Bengaluru, India
SunPro Energies Corporation Singapore, Singapore
You’re viewing 5 of 18 competitors. Get the full list »

REC Solar Patents

REC Solar Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
AU-2010903092-A0 Recball Inactive 13-Jul-2010
FR-2783454-B1 Plant for the manufacture and selective distribution of loads of mortar and / or concrete ready to use Inactive 18-Sep-1998
FR-2783454-A1 Plant for the manufacture and selective distribution of loads of mortar and / or concrete ready to use Active 18-Sep-1998
FR-2755895-B1 Process and plant for the manufacture and selective distribution of loads of ready-mortar mortar and / or concrete Inactive 21-Nov-1996
EP-0939692-B1 Method and installation for making and distributing selective loads of mortar and/or concrete ready for use Inactive 21-Nov-1996 G07F13/06
To view REC Solar’s complete patent history, request access »

REC Solar Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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REC Solar Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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REC Solar Investments & Acquisitions (6)

REC Solar’s most recent deal was a Seed Round with Go (Wireless Communications Equipment). The deal was made on 01-Apr-2021.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Go (Wireless Communications Equipment) 01-Apr-2021 Seed Round Wireless Communications Equipment
Stellar Energy GP 17-Jun-2015 Merger/Acquisition Alternative Energy Equipment
Noble Health and Safety Consultancy 12-Jul-2009 Merger/Acquisition Consulting Services (B2B)
Mainstream Energy 14-Apr-2008 Corporate Alternative Energy Equipment
CSG Solar 01-Feb-2005 PE Growth/Expansion Other Commercial Products
You’re viewing 5 of 6 investments and acquisitions. Get the full list »

REC Solar Exits (3)

REC Solar’s most recent exit was on 14-Apr-2008 from Mainstream Energy. The exit was categorized as .

Company Name Exit Date Exit Type Exit Size Status Buyers
Mainstream Energy 14-Apr-2008 Completed
CSG Solar 01-Feb-2005 Completed
  • 5 buyers
CSG Solar 01-Jan-2004 Corporate Completed
To view REC Solar’s complete exits history, request access »

Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
Stellar Energy GP Petaluma, CA 2004

REC Solar FAQs

  • When was REC Solar founded?

    REC Solar was founded in 1996.

  • Where is REC Solar headquartered?

    REC Solar is headquartered in Kristiansand, Norway.

  • What is the size of REC Solar?

    REC Solar has 1,636 total employees.

  • What industry is REC Solar in?

    REC Solar’s primary industry is Alternative Energy Equipment.

  • Is REC Solar a private or public company?

    REC Solar is a Private company.

  • What is the current valuation of REC Solar?

    The current valuation of REC Solar is .

  • What is REC Solar’s current revenue?

    The current revenue for REC Solar is .

  • How much funding has REC Solar raised over time?

    REC Solar has raised $480M.

  • Who are REC Solar’s investors?

    Elkem and REC Silicon have invested in REC Solar.

  • Who are REC Solar’s competitors?

    Tata Power Solar Systems, Wuxi Suntech Power Co., SYNCRIS, Orb Energy, and SunPro Energies are some of the 18 competitors of REC Solar.

  • When was REC Solar acquired?

    REC Solar was acquired on 10-Oct-2021.

  • Who acquired REC Solar?

    REC Solar was acquired by Reliance Industries.

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