New Hampshire, United States [RenewableEnergyWorld.com] GT Solar International Inc. has signed new contracts totaling more than $200 million for its market-leading DSS450 ingot growth furnaces and ancillary equipment and services.
This includes a $137 million follow-on order from a large Chinese customer, as well as orders from Tianwei New Energy Holdings Co. Ltd., Phoenix Photovoltaic Technology Co. Ltd., Yingli Green Energy Holding Company Ltd., JA Solar Holding Co. Ltd., Taiwan-based Sino-American Silicon Products (SAS), and one other customer.
The orders were booked in GT Solar’s current fourth fiscal quarter and revenue for these orders is expected to be recognized in periods subsequent to the current fiscal year.
“GT Solar is well positioned in Asia to meet the needs of our growing base of customers with the investment we have made for additional service and support capability in our Shanghai facility. The reliability of our DSS450 ingot growth furnace continues to deliver proven value to our customers by providing a lower cost of ownership and reducing their cost of manufacturing,” said Tom Gutierrez, president and chief executive officer of GT Solar.