Sandvika, March 30, 2012: Renewable Energy Corporation ASA (REC) has published its Annual Report for 2011. The Annual Report is attached hereto.

The report is also available for download on REC's website: www.recgroup.com/investors.

To receive a printed copy of the report, please use the order form on the same webpage.

For more information, please contact;
Mikkel Tørud, VP & Investor Relations Officer, +47 976 99 144

About REC
REC is a leading vertically integrated player in the solar energy industry. Ranked among the world's largest producers of polysilicon and wafers for solar applications and a rapidly growing manufacturer of solar cells and modules, REC also engages in project development activities in selected PV segments. Founded in Norway in 1996, REC is an international solar company, employing about 3,700 people worldwide with revenues of more than NOK 13 billion in 2011. Please visit www.recgroup.com to learn more about REC