IKEA Selects REC Solar Energy Solution for Locations in Germany and the US

SANDVIKA, Norway, January 27, 2011 - The world's leading home furnishings retailer IKEA selected REC Systems
and REC solar modules for the installation of PV Systems on two of their
buildings in Germany.

(Photo: www.newscom.com/cgi-bin/prnh/20110127/434147 )

In competition with more than 200 other solar system providers, REC
Systems Germany GmbH was selected to provide systems solution for two
installations in Germany. The 14,000 square meter (0.83 acres) installation,
producing 449,000 kilowatt-hrs (kWh) on the rooftop of a store in Regensburg,
Germany, was connected to the grid at the end of September. The 430kW
installation will offset 398 tons of CO2 per year. A second rooftop
installation covering 4,300 square meters (0.32 acres) producing 149,000 kWh
was installed on a store in Freiburg, Germany and connected to the grid in
December. The 150 kilowatt installation will offset 132 tons of CO2 per year.
"We will use the solar power produced for our lighting department, and
furniture exhibition, as well as for the customer restaurant", says Michael
Armin, Head, Expansion, IKEA Germany. Building on the success of earlier
joint projects, Goldbeck Solar, a large construction company focusing on
industrial rooftop and ground mounted PV installations, partnered with REC as
sub-contractor on the German IKEA projects.

"REC is proud that IKEA selected our systems team to provide these
installations, in addition to benefitting from our high performing modules
with their excellent price performance ratio," said John Andersen Jr,
Executive Vice President and Group COO, REC. The REC Systems team manages the
development, design, installation and financing for larger scale rooftop and
free field projects.

Currently, REC is also providing modules for three projects for IKEA in
the U.S: two stores on the East Coast, and a Southern California distribution
center that will be the second largest single-roof commercial system in the
state. A Colorado site was also recently announced.

IKEA is committed to sustainable building practices that have a limited
impact on the environment and is using solar to reduce their carbon footprint
and improve energy efficiency. TIME magazine listed IKEA as one of the top
eight most global eco-conscious companies.

About REC

REC is a leading vertically integrated player in the solar energy
industry. REC is among the world's largest producers of polysilicon and
wafers for solar applications, and a rapidly growing manufacturer of solar
cells and modules. REC is also engaged in project development activities in
selected PV segments. Founded in Norway, REC is an international solar
company, employing around 4,100 people worldwide. REC had revenues of
approximately EUR 1 billion in 2009. Please visit www.recgroup.com to
learn more about REC.

For further information, please contact:

In Germany, Terje Pilskog, Senior Vice President, Systems and Business
Development, REC, +49-175-5741095

In the US, Marius Krokjsø, Managing Director, US and Asia Pacific, REC,
+1-805-202-9586

For further information, please contact: In Germany, Terje Pilskog, Senior Vice President, Systems and Business Development, REC, +49-175-5741095; In the US, Marius Krokjsø, Managing Director, US and Asia Pacific, REC, +1-805-202-9586