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Joint Venture awards contract for the construction of a silicon factory in Qatar

Total investment amounts to US dollars 1 billion / Annual production of poly-silicon to amount to 8,000 tons

06-10-11

SolarWorld AG is further expanding its activities at the beginning of the solar value chain: Together with its partners SolarWorld AG will produce up to 8,000 tons of silicon per annum in Qatar in the future that is specifically suitable for being further processed into solar wafers. To this end SolarWorld established the Joint Venture Qatar Solar Technologies together with Qatar Solar and the Qatar Development Bank which has now awarded the contract for the construction of the silicon factory to the Indian general contractor Punj Lloyd Group.

The 120 hectar site on which the factory is going to be built is located in the industrial estate of Ras Laffan in the North of the capital Doha and was already selected with a view to a potential enlargement later on. As soon as in the second half of 2013 the production of high purity poly-silicon will be started there.

“By expanding our capacities for silicon production we further reduce the costs for clean solar power,” says SolarWorld Chairman and CEO Dr.-Ing. E. h. Frank Asbeck.

“By utilizing Qatar’s resources today to make polysilicon, which in turn creates a variety of solar energy technologies and products, we are helping the global transformation towards a more diversified mix of clean energy solutions,” said Dr. Khalid K. Al Hajri, Member of the Management Board and CEO of Qatar Solar Technologies.

The Joint Venture Qatar Solar Technologies was established in the year 2010. The company Centrotherm was selected as the supplier of the technical plant and equipment.

About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a worldwide leader in offering brand-name, high quality, crystalline solar-power technology. Its strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and modules all the way to turn-key solar systems of all sizes, the group combines all stages of the solar value chain. The central business activity is selling quality modules into the installation and distribution trades and crystalline wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany. The group´s largest production facilities operate in Freiberg, Germany and Hillsboro in the U.S. State of Oregon. Sustainability is the basis of the group strategy. Under the name Solar2World, the group supports care projects using off-grid solar-power solutions in developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs about 3,500 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX and ÖkoDAX as well as in the sustainability index NAI.

About Qatar Solar Technologies (QSTec): Qatar Solar Technologies (QSTec), with a vision to become a world leading integrated solar energy company is a joint venture formed between Qatar Solar (a wholly owned subsidiary of Qatar Foundation for Education, Science and Community Development), SolarWorld AG and Qatar Development Bank. QSTec’s polysilicon manufacturing plant, located in Ras Laffan Industrial City, will initially produce 8,000 MTPA polysilicon for use in the solar industry before vertically integrating along the solar value chain. QSTec’s has acquired the advanced second generation technology for solar grade polysilicon production from Centrotherm Photovoltaics of Germany.

Contact:
SolarWorld AG
Martin-Luther-King-Str. 24
53175 Bonn
Tel.: +49 (0) 228/55920-400
E-Mail: presse@solarworld.de

Internet: www.solarworld.de



 
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