The new contract represents the REC’s peak energy 72-cell panel series first purchase orders.

The peak energy 72-cell panel series, which were introduced in July for US utility and large commercial markets, will be delivered to the EPC company from July 2015 until February 2016.

REC Group CEO Martin Cooper said: "REC has already doubled its U.S. order intake over the past 12 months, thanks to the recent big wins with residential leaders SolarCity and Sunrun.

"With our new 72-cell product, we are seizing opportunities in the U.S. large commercial and utility markets and are demonstrating significant growth in line with our expectations."

REC Group North America & Carribbean senior vice president Arndt Lutz said: "Signing these substantial agreements less than two months after the announcement of REC’s 72-cell, 1000-volt panel offering confirms the strong demand for our high-quality, duty-free products in all market segments from residential to utility scale."

The Peak Energy 72-cell Series panels have been designed to provide lower installation costs, the use of fewer balance of system components, and less overall cost per installed watt for utility and large commercial integrators.