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GT Solar receives $39.5 million contract in China for polysilicon reactors |
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Jun 12, 2007 at 05:32 PM |
 GT Solar has won a $39.5 million contract to sell polysilicon reactors and converters to the Chinese company, Jiangsu Shunda Electronic Materials and Technology. Shunda's facility near Nanjing, China will produce silicon feedstock for PV cells.
Shunda has committed $2.3 billion RMB investment in photovoltaics and is planning to produce their own polysilicon in the near future, and to become a major player in the photovoltaic market.
In March of this year GT Solar won another reactor contract valued at $49 million with Russian firm Nitol Group.
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