REC Group

What REC Group does

REC Group is a privately held solar panel manufacturer founded in 1996, organized as REC Solar Holdings AS (Norway legal HQ) with operational headquarters in Singapore. The company designs and manufactures photovoltaic modules built around heterojunction (HJT) cell technology, which layers thin-film amorphous silicon on crystalline silicon to deliver higher efficiency and better temperature coefficients than legacy PERC panels. The product portfolio spans the residential REC Alpha Pure series (Pure-RX at 450-470 Wp and 22.6% max efficiency, Pure-R lead-free at 400-430 Wp, Pure 2 at 400-430 Wp) and the commercial REC Alpha Pro M at 610-640 Wp, plus the REC N-Peak 3 and TwinPeak 5 lines. All panels share a 25-year performance warranty with a 92% minimum power retention guarantee, and the flagship Alpha Pure-RX series has become a core premium offering.

REC generates revenue exclusively through hardware sales of solar panels, with pricing set at the installer/distributor level and not publicly disclosed. The company operates a tightly controlled go-to-market via its REC Certified Solar Professional installer network and partner distributors worldwide, gated by a certification program whose graduates receive the exclusive REC ProTrust warranty (20-year product + 25-year performance). This channel-partner model is supplemented by regional hubs in Singapore (APAC), Munich (EMEA), San Luis Obispo (Americas), and Melbourne (ANZ), as well as a growing roster of reference installations across telecommunications (Telefónica), retail (Redtag, Tiger Beer), and agriculture (Fruit Farm Brendle, Ferrotin Vineyard) in markets including Spain, UAE, France, India, and Australia.

The business is at an inflection point: in 2022, REC and France's CEA secured EU Innovation Fund support for a 2 GW HJT manufacturing plant in France — REC's first major production footprint outside Singapore — and in January 2026 REC entered a Joint Development Agreement with SunPower to launch the Monolith 470W residential panel (REC Alpha Pure-TX 470W) with a planned >500W bifacial variant, granting SunPower exclusive US residential rights. These moves diversify REC's geographic exposure, deepen its HJT technology lead, and establish a US distribution channel through SunPower, while the company continues to compete on premium efficiency, warranty strength, and certified-installer quality rather than on cost.

Name

REC Group

Legal name

REC Solar Holdings AS

Website

https://recgroup.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

REC Group is a privately held solar panel manufacturer founded in 1996, headquartered in Singapore, that designs and produces high-efficiency heterojunction (HJT) photovoltaic modules for residential and commercial customers worldwide. It sells exclusively through its REC Certified Solar Professional installer network and regional partners, with a 2026 SunPower-exclusive US residential distribution agreement for its 470W Monolith panel.

Ownership category

akta.pro rank

Product category

Solar Photovoltaic Panels

NAICS

Solar Electric Power Generation (221114)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD)

akta.pro secondary industries

Solar Distribution & Wholesale Supply (Channel, Procurement, Logistics) (EUAMABAK), Solar End-of-Life, Recycling & Decommissioning (Panels, Inverters, Racking) (EUAMABAM), Solar Balance-of-System Components (Cables, Combiner Boxes, Switchgear, Transformers) (EUAMABAG)

Keywords

• Solar panel manufacturing
• Heterojunction solar cells
• Photovoltaic modules
• Residential solar panels
• Commercial solar systems

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Solar Panel Hardware Sales: REC Group generates revenue through the manufacture and sale of solar panels, primarily using HJT (Heterojunction) technology. Products are sold through a network of certified installers and partner distributors globally.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

REC Group manufactures and sells photovoltaic solar panels built around proprietary heterojunction (HJT) cell technology. The portfolio spans residential panels (REC Alpha Pure-RX, Alpha Pure-R, Alpha Pure 2 at 400-470 Wp) and commercial panels (REC Alpha Pro M at 610-640 Wp), all manufactured in Singapore. Panels are sold exclusively through a network of REC Certified Solar Professional installers and partner distributors, supported by the REC ProTrust extended warranty program.

Product overview

REC Group is a solar panel manufacturer offering a portfolio of photovoltaic modules built around HJT (heterojunction) technology as the core differentiator. The product line includes the REC Alpha Pure series (Pure-RX, Pure-R, Pure 2) for residential applications ranging from 400-470 Wp, the REC Alpha Pro M for commercial applications at 610-640 Wp, plus the REC N-Peak and TwinPeak series. All current Alpha series products share HJT technology with up to 22.6% efficiency, 92% power retention at year 25, and are manufactured in Singapore. The company also offers the REC ProTrust warranty program and certification for installers.

Differentiator

Problem solved

Functional benefit

Brands

• REC ProTrust: Extended warranty program offering enhanced coverage for REC solar panels installed by REC Certified Solar Professional installers.
• REC Certified Solar Professional (RCSP)
• REC Partner Program
• REC Alpha Pure-RX
• REC Alpha Pure-R
• REC Alpha Pure 2
• REC Alpha Pro M
• REC N-Peak
• REC TwinPeak
• REC Peak Energy
• REC SunSnapp

Products and services

• REC Alpha Pure-RX High-efficiency residential solar panel using HJT (heterojunction) technology, producing 450-470 Wp with up to 22.6% maximum efficiency and 92% minimum power retention in year 25. Targeted at residential rooftop installations via the certified installer network.
• REC Alpha Pure-R Lead-free (RoHS compliant) residential solar panel using HJT technology, producing 400-430 Wp with up to 22.3% maximum efficiency and 92% minimum power retention in year 25.
• REC Alpha Pure 2 Residential solar panel using HJT technology, producing 400-430 Wp with up to 22.2% maximum efficiency and 92% minimum power retention in year 25.
• REC Alpha Pro M High-power commercial solar panel using HJT technology, producing 610-640 Wp with up to 22.5% maximum efficiency and 92% minimum power retention in year 25, covering 30.6 ft² area. Designed for commercial and light-commercial rooftop installations.
• REC N-Peak 3 Solar panel in REC's portfolio featuring N-type cell technology for enhanced performance and reliability.
• REC TwinPeak 5 Solar panel featuring REC's TwinPeak technology with half-cut cell design for improved shade tolerance and efficiency.
• REC Alpha Pure-TX (Monolith) 470W First jointly developed product with SunPower under a JDA. 470W frameless residential module weighing exactly 50 pounds (the maximum OSHA single-worker residential panel weight limit). Bifacial variant expected to exceed 500W output. Exclusively distributed by SunPower for the US residential market.

Quantifiable outcome

• 22.6% maximum efficiency (REC Alpha Pure-RX)
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• SunPowercoreGTM or Marketing Partner · 8 January 2026REC Group and SunPower launched the Monolith 470W solar panel (officially REC Alpha Pure-TX 470W), the first jointly developed product under their Joint Development Agreement. SunPower holds exclusive rights to the panel for the US residential market. REC serves as the manufacturing partner while SunPower handles commercialization and distribution in the US. The companies are also developing a bifacial variant expected to exceed 500W output.
• CEA (France)coreStrategic or Co-development Partner · 12 July 2022REC Group, in partnership with France's CEA (Alternative Energies and Atomic Energy Commission), secured EU funding for a 2 GW heterojunction (HJT) solar module manufacturing plant in France. The facility will produce high-efficiency modules with integrated tandem-cell technology, using renewable energy and sustainable manufacturing practices.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• JinkoSolar: One of the world's largest vertically integrated solar module manufacturers with global sales across residential, commercial, and utility segments. Directly comparable to REC as a PV module maker, though far larger in scale and broader in technology (TOPCon plus legacy PERC).
• Trina Solar: Top-tier global PV module manufacturer with a residential-to-utility product range. Comparable to REC on residential module focus and global distribution, while operating at substantially larger scale and broader cell technology portfolio.
• LONGi Green Energy: Leading global monocrystalline silicon wafer and module producer, with strong BC (back-contact) technology focus competing in the same high-efficiency residential and commercial module segment as REC's HJT Alpha series.
• JA Solar: Major Chinese vertically integrated PV module manufacturer with extensive residential and utility offerings. Comparable to REC in module product structure and global channel distribution, though at materially larger scale.
• Canadian Solar: Global PV module and solar project developer with residential through utility-scale product lines. Comparable to REC on module manufacturing and global sales footprint, with additional downstream project development.
• Hanwha Q Cells: One of the largest global PV module manufacturers with strong residential and commercial presence in Europe and the US. Directly comparable to REC on residential high-efficiency modules and channel distribution, with broader technology portfolio.

Direct peers

• First Solar: US-headquartered thin-film (CdTe) PV module manufacturer focused on utility-scale projects. Comparable to REC as a Western-headquartered non-silicon PV manufacturer pursuing differentiated cell technology, though focused on utility rather than residential.
• Maxeon Solar Technologies: Spun off from SunPower to focus on premium residential IBC solar panels, with back-contact technology targeting the same high-efficiency residential installer channel as REC. Closely comparable technology positioning and installer-channel GTM.
• Meyer Burger Technology: European-headquartered premium PV module manufacturer focused on HJT and back-contact technologies for residential and commercial markets. Most direct technology and geographic peer to REC's HJT Alpha product line.

Emerging players

• SunPower: US residential solar installer and module brand with an exclusive JDA manufacturing relationship with REC for the Monolith/Alpha Pure-TX 470W panel. Highly comparable end-customer focus (US residential) and partial product overlap via the jointly developed panel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks2 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/RECGroupMedia
• LinkedInlinkedin.com/company/rec_
• Xx.com/recgroupmedia

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about REC Group