The Renewable Energy Corporation (REC) is a solar power company with headquarters in Singapore. REC produces silicon materials for photovoltaics (PV) applications and multicrystalline wafers, as well as solar cells and modules. It is a wholly-owned subsidiary of Reliance New Energy Solar. The previous parent company of REC was ChemChina, one of the largest chemical companies and state-owned by the People's Republic of China, which held its stake in Elkem since 2015 through the China National Bluestar Group. The purchase price was 490 million euros. On 10 October 2021, Indian conglomerate Reliance Industries announced that its subsidiary, Reliance New Energy Solar Ltd, had acquired complete control of REC from China National Bluestar Group for US$771 million. More information...
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