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<DIV dir=ltr align=left><o:p><FONT face=Arial color=#0000ff
size=2></FONT> <FONT face=Arial color=#0000ff size=2>Anyone else out there
horrified by this kind of news from REC Solar in Norway?
WTF?!</FONT></o:p></DIV>
<DIV dir=ltr align=left><o:p><FONT face=Arial color=#0000ff
size=2></FONT></o:p> </DIV>
<DIV dir=ltr align=left><o:p><FONT face=Arial color=#0000ff
size=2>marco</FONT></o:p></DIV>
<DIV class=Section1>
<P class=MsoNormal><o:p> </o:p></P>
<P class=MsoNoSpacing style="TEXT-ALIGN: justify"><B><U><SPAN
style="FONT-SIZE: 16pt">REC to Recall All of Its Solar Panels From
2008<o:p></o:p></SPAN></U></B></P>
<P class=MsoNoSpacing>Thursday, 18 June 2009 13:43 <o:p></o:p></P>
<P class=MsoNoSpacing><A href="/greentech-media.html">Greentech Media
</A><o:p></o:p></P>
<P class=MsoNormal><o:p> </o:p></P>
<P class=MsoNormal style="TEXT-ALIGN: justify">Renewable Energy Corp will repair
or change all of the solar panels it sold in 2008 and a quarter of those it sold
in 2007 because of a manufacturing defect, according to <A
href="http://www.dn.no/forsiden/naringsliv/article1689470.ece">Dagens
Naeringsliv</A>.<o:p></o:p></P>
<P class=MsoNormal style="TEXT-ALIGN: justify"><o:p> </o:p></P>
<P class=MsoNormal style="TEXT-ALIGN: justify">The total comes to around 420,000
solar panels. So far 100,000 panels have been returned. The whole exercise will
cost around $56 million.<o:p></o:p></P>
<P class=MsoNormal style="TEXT-ALIGN: justify"><o:p> </o:p></P>
<P class=MsoNormal style="TEXT-ALIGN: justify">A recall like that, of course,
just makes a bad situation worse for REC. Sales plummeted late last year with
the economic downturn. Sales in Spain were particularly hard hit. The country
actually <A
href="http://www.greentechmedia.com/articles/read/report-global-solar-industry-raked-in-371b-in-2008-5899/">surpassed
Germany</A> to become the largest solar market in the world due to a high
feed-in tariff. But it also caused a land rush that lead to an oversupply of
panels. Although some parts of the world economy have shown signs of
stabilization, solar prices continue to decline.<o:p></o:p></P>
<P class=MsoNormal style="TEXT-ALIGN: justify"><o:p> </o:p></P>
<P class=MsoNormal>Link: <A
href="http://www.solarfeeds.com/greentech-media/7596-rec-to-recall-all-of-its-solar-panels-from-2008.html">http://www.solarfeeds.com/greentech-media/7596-rec-to-recall-all-of-its-solar-panels-from-2008.html</A></P></DIV></BODY></HTML>