REC Silicon ASA (RNWEF) has released an update.
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REC Silicon ASA has announced a new USD 20 million loan facility from Standard Chartered Bank, secured by Hanwha Solutions, to enhance liquidity ahead of product shipments from its Moses Lake plant. This financial move is set to bridge funding gaps and support the company’s role in semiconductor and solar industries, as well as the burgeoning battery market for energy storage solutions. REC Silicon boasts over 40 years of experience and a strong market presence with its high-purity silicon materials used in a range of technologies and renewables.
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