REC ASA - Annual Report 2007

Oslo, May  2,  2008: Renewable  Energy  Corporation (REC)  has  today
published its annual report for 2007.  Enclosed you will find a  .pdf
version of this report.
 
The annual report  is also available  on the REC  Group`s website  at
www.recgroup.com.  
 
A printed copy of the annual  report has been distributed by mail  to
all shareholders. To  receive a  printed copy of  the report,  please
contact:
 
Bjørn R. Berntsen
Shareholder Services
Phone: +47 977 35 514
Email: [e-mail]  
 
For further information, please contact;
Jon Andre Løkke, SVP & Investor Relation Officer; [phone]
 
About REC
REC is uniquely positioned as one  of the most integrated company  in
the solar energy industry. REC Silicon and REC Wafer are the  world's
largest producers of polysilicon  and wafers for solar  applications.
REC Solar  produces  solar cells  and  solar modules  and  engage  in
project development activities in selected segments of the PV market.
REC Group had revenues in 2007 of NOK 6,642 million and an  operating
profit of NOK 2,588 million. Please also see www.recgroup.com