GT Solar’s order backlog exceeds $1.4 billion

Facebook
Twitter
LinkedIn
Reddit
Email

GT Solar’s order backlog in its just posted second quarter financial results topped $292 million, resulting in its total order backlog exceeding $1.4 billion, up from $1.26 billion at the end of the first quarter. GT Solar also shipped more than 200 DSS furnaces to the solar market with many orders shipped ahead of schedule due to customer demand, the company said.

GT Solar noted its sixth agreement for DSS furnaces with Sino American Silicon (SAS), of Taiwan a Taiwan and an agreement with China-based KMYY.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The company also said that it was developing a 400 metric ton polysilicon reactor, which would produce silicon faster with up to a 30 percent reduction in energy usage, significantly reducing polysilicon production costs.

“We remain confident in our future as a leading equipment and technology supplier for the global solar power industry,” remarked Tom Zarrella, President and Chief Executive Officer of GT Solar. “We continue to believe that the photovoltaic industry is making progress in bringing solar power closer to parity with conventional energy sources and GT Solar is playing a critical role in that effort through our technology innovation and field-performance excellence.”

Read Next

September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
German trade association BSW-Solar has called the German government for a simplified, standardised and more digitalised grid access for solar PV and energy storage operators.
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.
Premium
September 12, 2025
Vote Solar's Sean Garren tells PV Tech Premium that Georgia Power's latest IRP is 'skewed so heavily towards fossil fuels'.
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines