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Regions :: Middle East :: Qatar

Qatar Solar Secures Financing for $1-Billion Polysilicon Plant at Ras Laffan

7:18 AM MDT | May 31, 2012 | Natasha Alperowicz

Qatar Solar Technologies (QSTec; Doha) has secured financing from the local bank Masraf Al Rayan for the construction of a $1-billion solar-grade polysilicon manufacturing plant at Ras Laffan, Qatar.  The plant will initially produce 8,000 m.t./year of polysilicon, sufficient to provide enough solar energy to power about 240,000 homes for a year. The company aims to increase production to become one of the world’s leading integrated solar companies, working in line with the Qatar National Vision 2030. “The signing of this deal with Masraf Al...

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