Bloomberg News

Renewable Energy Cancels Long-Term Wafer Sales Contract

January 16, 2012

Jan. 13 (Bloomberg) -- Renewable Energy Corp. ASA agreed to end a long-term wafer sales contract against a cash compensation of about 200 million kroner in the first quarter.

It will book income of about 325 million kroner in the first quarter including earlier prepayments.

Link to Statement:{NSN LXQ6TW3PWT1D <GO>}

To contact the editor responsible for this story: Stephen Treloar at streloar1@bloomberg.net


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