SolarWorld-QSTec deal will ‘expand global market reach’
August 19 2017 11:45 PM
QSTec chairman and CEO Dr Khalid Klefeekh al-Hajri, Qatar’s ambassador to Germany Sheikh Saoud A al-Thani, and SolarWorld Industries founder Dr Frank Asbeck during the recently-held signing ceremony in Germany.

The synergies between SolarWorld Industries and Qatar Solar Technologies (QSTec) will enable the development of a sustainable business platform that will assist both companies to develop new products and expand their global market reach, a QSTec official has said.
“We have expanded QSTec’s global reach, increased our research opportunities, and gained larger access to solar technologies and markets that will be of great benefit to QSTec and our partners. 
“QSTec has investments in polysilicon production, integrated module manufacturing and supply chain technologies that will allow QSTec and its partners to reduce costs and improve quality across the entire solar value chain,” said QSTec chairman and CEO Dr Khalid Klefeekh al-Hajri.
Only recently, QSTec announced that it had successfully come to an arrangement that would see SolarWorld Industries emerge from insolvency and ensure the continuation of solar manufacturing in Germany.
Headquartered in Germany, SolarWorld Industries is a fully-integrated solar photovoltaic (PV) module manufacturing company that is well-known throughout the solar industry for its high-quality products, cutting-edge technology, and its focus on research and development.  
Under the agreement, several hundred jobs will be saved at SolarWorld Industries’ German manufacturing plants, which will continue to develop advanced proprietary technology to capitalise on the increasing global demand for solar. 
“For QSTec, the new deal has many strategic advantages. The opportunity to strengthen our relationship with SolarWorld Industries and continue the production of high-quality solar technologies in Germany fully aligns with QSTec’s vision of being a world leading integrated solar company,” al-Hajri said. 
SolarWorld Industries founder Dr Frank Asbeck said: “We have the best products, the right partners, and we share a common vision for the future of SolarWorld Industries, QSTec, and the global solar industry. 
“The industry is expanding, new markets are opening up daily and together with QSTec, SolarWorld Industries will continue to manufacture modules of the highest German quality and standards.”    
Qatar’s ambassador to Germany Sheikh Saoud A al-Thani said: “German companies are well-known for producing products and technologies of the highest quality and reliability. 
“It is in line with the Qatar National Vision 2030 and the strategic plans of Germany to cease nuclear power production by 2022. With solar energy now being the world’s number one technology choice for new electricity generation, the synergies between SolarWorld Industries and QSTec will no doubt make a positive impact on our environment, and transform the lives of millions of people around the world.” 
Al-Hajri added: “We are proud to play a role in ensuring that SolarWorld Industries’ products will continue to be manufactured in Germany. The high-quality modules that SolarWorld Industries produce are ideally-suited to QSTec’s top tier polysilicon and we are extremely positive about our opportunities for future growth.”

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