in News Departments > New & Noteworthy
print the content item

comments: 0

SunEdison Inc. has signed an agreement with the Public Investment Fund of the Saudi Arabian government and the Saudi Arabian Investment Co. (Sanabil Investments) to jointly fund a feasibility study for the establishment of a solar photovoltaic manufacturing capability at Wa'ad Al Shammal in the kingdom.

SunEdison says the proposed polysilicon module production project would support the growth of the solar energy industry in Saudi Arabia, which the company views as a promising emerging market for PV power technology. SunEdison says the deal furthers its goal of developing downstream solar business capabilities. The cost of the project was estimated at $6.4 billion.

The production complex would incorporate SunEdison's high-pressure silane fluidized bed reactor polysilicon, and continuous Czochralski crystal ingot technology and equipment to enable solar wafer, cell and module manufacturing. If the project proceeds as planned, production would begin in 2017 and eventually ramp up to an annual capacity of 3 GW.

Saudi Arabia's Ministry of Petroleum and Minerals says it would provide the required quantities of natural gas for the complex, with the Saudi Electrical Co. providing the needed electricity.

"We anticipate substantial growth of solar PV within the kingdom and the region," says Ahmad Chatila, CEO of SunEdison. "This project will support that growth, and the growth aspirations of SunEdison and our Saudi partners."


Solar Careers
Latest Top Stories

Solar Cell Production Line Upgrades Driving Higher PV Performance

Manufacturers of multicrystalline solar cells are seeking to improve performance by implementing new technologies on existing lines.


Own Or Lease? Think Of Rooftop Solar As A Car That Makes Money

While upfront cost is often the first issue on the prospective solar customer's mind, it should not be the only one.


Minnesota PUC Passes On Value Of Solar, But Likely Not For Long

On Aug. 7, the Minnesota Public Utilities Commission (PUC) accepted Xcel's proposal to put off a value of solar tariff for its community solar garden program for now. But experts expect a rapid return.


States Dangle Property Tax Abatements To Draw New Solar Customers

Tax abatement programs offer states an incentive option for property owners to install solar systems.


A New Set Of Rate Rules Could End The Tug-Of-War Over Solar

A new report from the North Carolina Clean Energy Technology Center says arguments over the value - and costs - of solar are missing the mark. The key to a solar future, the authors conclude, is in utility rate design.

S&C Electric_id1352
WIP_id1320
PVcobra_id1394