Norway-based REC this week announced that its top solar modules have been selected by BAM GREEN, a leader in developing and providing renewable energy related services in Sri Lanka.
Under the agreement, REC will supply its industry leading REC Peak Energy Series modules to BAM GREEN. REC solar modules were ranked first with the highest performance ratio of 90.8% in the year long independent field test conducted by Photon Laboratory in 2011 which measures energy yield. REC modules generated more electricity than 45 other module brands, producing 6 % more power than the test average, according to an REC media release.
It said the cost of electricity generated by solar is highly competitive with traditional sources of electricity in Sri Lanka. BAM GREEN offers customized solar system solutions to make solar more accessible in this promising region. Users can take advantage of BAM GREEN's Solar PV NET Metering Systems to exchange excess power with the utility company to effectively reduce their electricity bills. With the region's continuing population growth and the present and projected energy demand gap in Asia Pacific, there is a huge market opportunity for solar energy. According to Asanka B. Thennakoon, Project Lead Executive, BAM GREEN, currently, about 12 % of the Sri Lankan population has no electricity at home as the country works out a solution for its power and energy crisis. "We have chosen to partner with REC to bring affordable, renewable and sustainable energy to these households and stimulate the economy through the provision of cost effective power for commercial projects."