Solar

GT Solar Signs New Contracts with GCL-Poly

GT Solar has signed contracts valued at more than US $40 million with two wholly owned subsidiaries of China-based GCL-Poly Energy Holdings Limited.

The first agreement, with Jiangsu Zhongneng Polysilicon Technology Development Co. Ltd., calls for GT Solar to  supply its Trichlorosilane (TCS) Production Technology Solution. The second, with Jiangsu GCL Silicon Material Technology Development Co. Ltd., callsd for GT Solar to supply its Directional Solidification System (DSS) furnaces and ancillary equipment.

These contracts represent the first purchases of GT Solar equipment and services by GCL-Poly and its subsidiaries. GT Solar’s TCS Production Solution includes all of the technology and basic engineering services required to produce TCS, one of the primary raw materials used to manufacture polysilicon. GT Solar’s DSS furnaces are used to melt polysilicon and grow multi-crystalline ingots, which are utilized to produce solar wafers and, ultimately, solar cells.

“We chose to purchase the TCS Production Solution and DSS units from GT Solar because of their proven expertise in both polysilicon production and ingot crystallization. GT Solar’s TCS production solution should help to improve the quality and lower the cost of our polysilicon operations. Their expected timely delivery of the DSS furnaces should help to ensure that our new ingot and wafer production facility can be up-and-running in 2010,” said Zhu Gong Shan, executive director, chairman and chief executive officer of GCL-Poly.