Renewable Energy Agrees to End Long-Term Wafer Sales Contract

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.

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

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