GTAT: Is Still Awaiting Decision on at Least One More Saudi PV Deal

Posted: March 11, 2014 by mattmargolis24 in GTAT Investor Information, Uncategorized
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Today’s contract announcement was with Cosmos Chemicals Berhad. GT is still waiting to hear back from bid selection from Idea Polysilicon Company (IPC). I expect today’s deal to impact 2016 revenue and IPC’s contract award that is pending final selection could be worth an additional $300m+.

July Article from PV Tech

Updated: Plans to build a fully-integrated PV supply chain within Saudi Arabia on the back of plans that could include 41GW of PV installations by 2032, continued slowly with reports that Idea Polysilicon Company (IPC), have received four bids to build its planned 10,000MT polysilicon plant and ingot/wafer operations.



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