Is REC Group a Foreign Entity of Concern (FEOC)?
Solar Panels · Sandvika, Norway
Company record last verified · federal list index as of
FEOC answer
No designation found
No federal designation found. REC Group is not named on any of the 3 federal restricted-party lists screened for this record (DOD Section 1260H, BIS Entity List, OFAC SDN List), and Norway is not a covered nation under the FEOC rules.
- Screened against 3 federal restricted-party lists (DOD Section 1260H, BIS Entity List, OFAC SDN List) with no designation found.
- Headquartered in Sandvika, Norway. Norway is not among the covered nations (China, Russia, Iran, North Korea).
- Not screened in this record: UFLPA Entity List. No conclusion either way is drawn from that list.
Track REC Group
Federal list designations change without notice. Get an email when REC Group is added to, or removed from, any screened list.
Federal list screening for REC Group
REC Group carries a result for 3 of the 4federal restricted-party lists below. "No screening record" means neither source covers that list; it is not a finding that the company is absent from it, and no claim on this page counts it as a clean result.
Results come from two places: the curated company record, and the live federal list index re-ingested from the agencies. Where they disagree the index wins and the row says so. The index can only add a designation, never clear one -- no confident match in the index is not evidence that a company is absent from a list.
| Federal list | Result | Checked | Source |
|---|---|---|---|
DOD Section 1260H U.S. Department of Defense | Not listed | 2026 | Official list |
BIS Entity List U.S. Department of Commerce, Bureau of Industry and Security | Not listed | 2026 | Official list |
OFAC SDN List U.S. Department of the Treasury, Office of Foreign Assets Control | Not listed | 2026 | Official list |
UFLPA Entity List U.S. Department of Homeland Security (FLETF) | No screening record Not screened in this record | - | Official list |
Ownership and country of organization
- Country
- Norway
- Headquarters
- Sandvika, Norway
- Ultimate owner
- Reliance Industries (Indian conglomerate, Mukesh Ambani)
- Ownership type
- Subsidiary of Reliance Industries (NSE: RELIANCE)
- Covered nation
- No
- U.S. manufacturing
- Manufacturing in Singapore and Norway. No US facility announced.
- Products
- HJT solar cells, Alpha Series solar panels, TwinPeak solar modules
Summary
Norwegian-headquartered allied nation company. Indian parent (friendly nation). No FEOC ownership links.
Norwegian solar manufacturer owned by India's Reliance. Clean FEOC status. European and Asian manufacturing.
A clean list screen does not by itself establish that a company is outside the FEOC rules. Under OBBBA (P.L. 119-21), enacted July 4, 2025, and under IRS Notice 2026-15 (Feb 12, 2026), an entity is also prohibited if a specified foreign entity owns 25 percent or more of it, if such entities together own 40 percent or more, if they hold 15 percent or more of its debt, or if one can appoint a board member or senior officer. Those tests require the cap table and debt structure, which this page does not cover.
How this answer is determined
The prohibited-foreign-entity restrictions on the 45Y, 48E and 45X clean energy credits were added by OBBBA (P.L. 119-21), enacted July 4, 2025 and are administered under IRS Notice 2026-15 (Feb 12, 2026). A company answers "yes" on this page when it is named on a federal restricted-party list, or when it is organized in a covered nation (China, Russia, Iran or North Korea). Where ownership or component sourcing leaves the question genuinely open, the answer is "uncertain" rather than a clean result -- and that holds even for a company organized in a covered nation, because a record flagged for component-level analysis is answering a narrower question than the entity-level test.
A separate ownership and control test can make a company prohibited even with a clean list screen: a specified foreign entity can appoint a covered officer (board member, president, CEO or CFO); a single specified foreign entity owns 25 percent or more; specified foreign entities together own 40 percent or more; specified foreign entities together hold 15 percent or more of the entity's debt. Those tests need the cap table and debt structure and are not evaluated here.
Sources for this record
- BIS Consolidated Screening List
- Company disclosures
Where REC Group sources its components
A supplier can be named on no federal list and still sit on top of a supply chain that is. The map traces this product to the mines and refiners behind each input.
REC Group supply chain mapOther Solar Panels suppliers
This page is informational and is not legal or tax advice. Federal list data is drawn from publicly available government sources and may lag the agencies' own updates; verify any determination against the official list linked above and with qualified counsel before relying on it.