10-year offtake agreement with floor price and prepayment
Reiterates ambition of restarting in Q4’23, full utilization towards YE’24
Floor price and prepayment mechanisms provide significant de-risking
We find today’s news major positive and expect RECSI to outperform

01 Feb 2023
Arctic FLASH: REC Silicon - Enters into binding term sheet with Hanwha

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Arctic FLASH: REC Silicon - Enters into binding term sheet with Hanwha
10-year offtake agreement with floor price and prepayment
Reiterates ambition of restarting in Q4’23, full utilization towards YE’24
Floor price and prepayment mechanisms provide significant de-risking
We find today’s news major positive and expect RECSI to outperform