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BT EXCLUSIVE

Solar panel maker in S$585m sale, leaseback deal

It will be business as usual for Singapore unit of Norway-headquartered REC at its Tuas South plant after proposed deal with Australia-based Logos Property

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REC, formerly known as Renewable Energy Corporation, opened the integrated solar panel manufacturing facility in Tuas South in 2010.

Singapore

THE Singapore unit of Norway-headquartered solar firm REC is understood to have entered into a proposed S$585 million sale-and-leaseback transaction on its Tuas South property.

The deal with Australia-based Logos Property, is one of the...

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