REC Is Merger Candidate as Solar Takeovers Loom

Renewable Energy News Article
Renewable Energy Corp., the Norwegian solar-energy company struggling with falling demand and excess capacity, said it's a merger candidate as the industry gears up for a probable consolidation.
“We won’t be surprised if there are more mergers in the time ahead” and REC is involved in discussions with possible partners, Chief Executive Officer Ole Enger said in an interview in Oslo today after presenting REC’s third-quarter results. “When results are like now, you must always be open for solutions that can give better results.”