SolarWorld AG announced the purchase of 29 % stake in the newly founded Joint Venture Qatar Solar Technologies, located in the Emirate of Qatar. Qatar Foundation (70%) and the Qatar Development Bank (1%) are partners in the Joint Venture.
The Joint Venture chose the Arabian Peninsula to set up the first production facility for poly-silicon.
The facility’s first stage of expansion plans to provide annual capacity of around 3,600 tons of high-purity polysilicon. The investment in the construction is over 500 million US dollars from Qatar Solar Technologies. They intend to start production in the third quarter of 2012.
[Read More]
