Renewed wafer capacity expansion plans at some of the major Asia-based PV manufacturers have led directly to new orders for GT Solar’s ingot growth furnaces. The company noted that it has received new orders worth more than US$200 million for its ‘DSS450’ furnaces and ancillary equipment and services. One China based customer placed a follow-on order worth US$137 million. Other orders came from Tianwei New Energy, Phoenix Photovoltaic Technology, Yingli Green Energy, JA Solar, Sino-American Silicon Products (SAS), and one other unidentified customer.
“GT Solar is well positioned in Asia to meet the needs of our growing base of customers with the investment we have made for additional service and support capability in our Shanghai facility,” commented Tom Gutierrez, President and Chief Executive Officer of GT Solar. “The reliability of our DSS450 ingot growth furnace continues to deliver proven value to our customers by providing a lower cost of ownership and reducing their cost of manufacturing.”
The orders were booked in GT Solar’s current fourth fiscal quarter and revenue for is expected to be recognized in periods subsequent to the current fiscal year.