REC is conducting a private placement backed by the announcements of 13/10/2020. The financing proceeds will be used to make the PV-related plan come true. As we see a certain interdependence between a planned re-start of REC’s site and Violet Energy’s plans, we are slightly struggling with the schedules of both companies as they look disconnected.
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The fog lifted - a bit
REC is conducting a private placement backed by the announcements of 13/10/2020. The financing proceeds will be used to make the PV-related plan come true. As we see a certain interdependence between a planned re-start of REC’s site and Violet Energy’s plans, we are slightly struggling with the schedules of both companies as they look disconnected.