Total’s subsidiary Total Gas & Power USA (SAS) has completed their acquisition of 25.4% interest in AE Polysilicon through a reserved capital increase. In addition, Total signed a long-term agreement to buy AEP high purity granular polysilicon.
“This transaction reflects Total’s commitment to becoming a significant photovoltaic solar operator,” said Philippe Boisseau, President, Total Gas & Power. “We will be able to leverage a new technology to develop capabilities in yet another link in the photovoltaic solar chain, in addition to our current activities.”
Currently in its commissioning stage, the polysilicon production facility will begin commercial production this year and at its full operating capacity is scheduled to produce up to 1,800 metric tons of granular polysilicon per year. Total has a technical cooperation agreement for the joint development of projects using AEP’s technology, the assignment of Total personnel and creation of a joint research center.