REC and SunTech highlight the globalisation of Alternative Energy

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Of all the alternative energy industries, solar is the most globally integrated. Just take a look at the latest deal between Norway's REC and China's Suntech - both multi-billion dollar solar companies.

Renewable Energy Corporation has won an order for multicrystalline silicon wafers from Chinese solar cell manufacturer Suntech Power Holdings, worth 1.2 bln nkr over the next five years - that's about $180m.

REC posts third-quarter results tomorrow morning.

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