Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Please be mindful of our community standards. The presentation will be in English. Third quarter EBITDA included a noncash adjustment of USD 16.0 million due to settlement of the property tax dispute announced on October 14, 2020. EK Kapital AS, a company controlled by Espen Klitzing, has on October 21, 2020 bought 15000 shares in REC Silicon ASA ("the Company") at NOK 9,434 per share. Both those products were made at REC Silicon's production facility in Butte, Montana which the company had previously stated it was prepared to sell. LATEST NEWS. It could soon be all smiles again if recent business agreements bear fruit for the manufacturer. This month, however, REC Silicon signed a co-operation agreement with Portland, Oregon-based solar manufacturing start-up Violet Power to be part of a, non-Chinese silicon solar supply chain. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. Audiocast participants need to register to post questions. Average silane gas prices increased by 3.4% compared to the second quarter of 2020. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. Upon completion of the Private Placement, REC Silicon will have increased its liquidity and may enable the Company to prepare for the eventual restart of the Moses Lake plant. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com. For more information, go to: www.recsilicon.com. nine months. REC Silicon’s second partner Violet Power is already building a solar cell and module production facility in Moses Lake across the street from REC Silicon’s shuttered plant. On the same day, the Norwegian company announced a similar tie-up with Washington state-based Group 14 Technologies to establish commercial silicon anode production facilities at Moses Lake. The Norwegian polysilicon maker has been been frozen out of the Chinese solar market by political tensions between Beijing and the U.S. and mothballed its Washington State production line last year. Your email address will not be published. Butte operations continue to display resilience despite challenges caused by Covid-19. The net proceeds from the Private Placement will be used to fund expansion investments and activities at the Company’s facilities in Butte and Moses Lake as well as for general corporate purposes. * REC SILICON WILL EXECUTE A LAYOFF AFFECTING NEARLY 40% OF ITS CURRENT WORKFORCE IN MOSES LAKE, WASHINGTON ON JULY 2, 2018, * REC GROUP AWARDED CONTRACT FOR DELIVERY AND INSTALLATION SMARTWIRE CONNECTION TECHNOLOGY (SWCT), * REC SILICON PTE. The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. Market overview: Large-scale storage systems, Market overview: Microgrid control systems, The smarter E Europe 2019 special edition, Energy Storage North America Special 2018. You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. For more information, please see the attached third quarter 2020 report and presentation.

On October 14, 2020, the REC Silicon raised approximately NOK 1 billion in gross proceeds through the Private Placement of 92,592,592 new shares, at a price per share of NOK 10.80. All quotes delayed a minimum of 15 minutes. Norway: +47 2100 2610Sweden: +46 8 5664 2753United Kingdom: +44 330 336 9125United States: +1 646 828 8193, Participant code for all countries: 7507290, For further information, please contact:Nils O. Kjerstad, IR ContactPhone: +47 9135 6659Email: nils.kjerstad@crux.no. Quote and financial data from Refinitiv. Listed on the Oslo Stock Exchange (ticker: REC), the Company is headquartered in Lysaker, Norway. The company settled its property rates dispute with Grant County by agreeing to pay $3 million by December 15 and then $1.75 million annually for the next six years.

To provide a secure and reliable service, we send our email with MailChimp, which means we store email addresses and analytical data on their servers. Contingent liabilities faced by the Company have been reduced by USD 44.9 million during the third quarter due to the discontinuance of the tax examination by Norwegian Central Tax Office (USD 27.3 million tax and interest) and the settlement of the property dispute regarding property valuations from 2012 through 2015 with Grant County, Washington (USD 17.6 million net decrease in liabilities).Subsequent to the end of the quarter, REC Silicon entered into business cooperation agreements to partner with Violet Power to develop a non-Chinese Solar PV value chain and to partner with Group 14 Technologies to develop a silicon anode battery materials production facility in Moses Lake. Silicon gas sales volumes for the third quarter were 746 MT compared to 831 MT during the prior quarter.

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