GT Advanced Technologies, a US company specialising in renewable technologies, has scooped a $47.7 million deal for photovoltaic production equipment and technology in Saudi Arabia.
Ordered by the Polysilicon Technology Company, the GT manufacturing facility will be located in Jubail Industrial City and is the first such order for the firm in Saudi Arabia.
Dave Keck, Vice President and General Manager of GT’s polysilicon business said: “We have a strong record of helping new entrants to develop highly productive and low-cost polysilicon production plants around the world and we are excited to be working with Polysilicon Technology Company on this important project. This project is an important step in establishing the renewable energy industry in Saudi Arabia and the region as a whole, and we are proud to be associated with the highly qualified team at PTC.”
Ibrahim Al-Humaidan, Executive Director of PTC, added: “Making such an order reflects our clear vision, belief and commitment to this industry. PTC has wider plans and this major milestone embarks its onsite activities in Jubail, GT is a leader in this field with a proven track record and we are happy to be working with them and to be the first company to transfer such an advanced technology to our region.”
