GT Solar (Nasdaq: SOLR) has received a $93.9 million order from Taiwan-based polysilicon producer Powertec Energy for a complete suite of polysilicon production equipment and technology.
GT has become a leading provider of equipment used to manufacture solar modules, LED lighting, and polysilicon.
The equipment will be installed in Powertec’s new polysilicon facility which is expected to begin production in 2012.
"Our goal is to become a leading supplier of polysilicon to support the growth of the world PV industry," said Scott Kou, chief executive officer of Powertec Energy Corporation. "To ensure a low-risk and rapid startup of our new production facility, we wanted proven technology that could deliver high quality material for the lowest polysilicon production costs. GT Solar’s polysilicon technology and complete range of engineering services will allow us to quickly ramp our plant to volume production while delivering the highest return on our investment."
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