Qatar Solar to buy Kazakh poly
Middle Eastern PV module maker Qatar Solar Energy (QSE) has set the seal on a breakthrough multi-billion dollar deal to buy high-grade silicon from Kazakh mining giant Kazatomprom to ratchet up its module production capacity to 2.5GW.
The order, covering the supply of an undisclosed volume of raw polysilicon over the next decade, is expected to pave the way for a number of purchase agreements between Kazakhstan and the Qatari company.
"This partnership allows QSE to secure the entire value chain from raw material to smart-grid development and provides a powerful foundation from which [we] will further expand [our] production capacity to 2.5GW,"states QSE chief executive Salim Abbassi.
"The steady supply of quality raw material is crucial to [our] mission to deliver on the promise of low cost and affordable renewable energy for populations across the world. By lowering costs and increasing efficiency, QSE is accelerating the democratisation of renewable energy worldwide."
Reaching manufacturing capacity of 2.5GW would make Qatar one of the largest producers of solar power technology in the world, with combined capacity in Europe and the US currently standing at 3.4GW."
Last month, QSE opened a 300MW integrated PV module production facilities in the Doha industrial zone to begin supplying a 150MW order from Jermyn Capital for the Japanese market, along with another 150MW to Power Capital for projects in Thailand.
Kazatomprom, which is the world's largest producer of uranium, has been active in the renewables sector since 2009 through contracts for PV modules, for Astana Solar, production of ingots, wafers and cells, supplied to outfits including Kazakhstan Solar Silicon, and PV-grade silicon production, for Kaz Silicon.