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Doha, Qatar [RenewableEnergyWorld.com] SolarWorld is acquiring a 29 percent stake in the newly founded joint venture Qatar Solar Technologies headquartered in the Emirate of Qatar. The joint venture will establish the first production facility for polysilicon on the Arabian Peninsula. Partners are the Qatar Foundation (70 percent) and the Qatar Development Bank (1 percent).
Qatar Solar Technologies will invest a total of more than $500 millions in construction of the production facility with a planned annual capacity of around 3,600 tons of high-purity polysilicon in its first stage of expansion.
Start of production is planned for the third quarter of 2012. The technology partner for the construction of the production line is the German company Centrotherm Photovoltaics AG with which SolarWorld AG has previously cooperated successfully in the development of its manufacturing facilities.
Including this new announcement, the abundant sun resource in the Middle East and North Africa (MENA) is now being commercialised as governments and international enterprises speedily begin to enter the multi billion dollar solar market in the region, in the belief of making some multi billion dollar returns.
In 2009 the potential for the region really started to heat up with some of the following announcements:
New Solar Today has invited Ministry of Energys and Renewable Agencies across the region to the to disclose their solar agenda for 2010 and beyond at MENASOL 2010 – 2nd North Africa and Middle East Solar Conference & Expo, 4-5 May, Cairo.