SunEdison eyes Saudi Arabia PV plant
The cost of the project is estimated at $6.4 billion
America's SunEdison has signed an agreement with the Public Investment Fund of the Saudi Arabian government and the Saudi Arabian Investment Co (Sanabil Investments) to jointly fund a feasibility study for the establishment of a solar photovoltaic manufacturing capability at Wa'ad Al Shammal in the Kingdom.
The proposed polysilicon module production project would support the growth of the solar energy industry in Saudi Arabia, which the company views as a promising emerging market for PV power technology.
SunEdison says the deal furthers its goal of developing downstream solar business capabilities. The cost of the project was estimated at $6.4 billion.
The production complex would incorporate SunEdison's high-pressure silane fluidized bed reactor polysilicon, and continuous Czochralski crystal ingot technology and equipment to enable solar wafer, cell and module manufacturing.
Saudi Arabia has targeted 41GW of solar by 2032. And the kingdom is also sun-kissed - it receives 2,200 to 2,400 hours of sunshine a year, higher than the southwest U.S.