Norwegian vertically integrated solar energy company REC Group has increased in the third quarter its shipments by 19 percent year over year with a total of 329 MW. The EMEA region accounted for the largest share of REC Group shipments across all regions in Q3 with 46 percent, leading to its best third quarter result ever, says the company. Germany saw the largest share of shipments. Furthermore, REC Group has made an entrance into the Turkish market.
APAC had a solid quarter with India being the top market. Australia also made a large contribution to the Q3 result in the region. Japan saw a continuous solid demand from partner distributors in the commercial and industrial as well as residential segment. REC USA continues its trend in shipments with 25 percent growth over Q2 2017.
For Q4, REC Group expects sequential volume growth of 12 to 18 percent. »Due to strong demand in all regions the company is nearly fully booked for Q4 2017.« This trend will continue into the new year, says the company.
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