GT Solar announces multiple DSS orders worth over $200 million

MERRIMACK, USA: GT Solar International Inc., a global provider of specialized production equipment, process technology and turnkey manufacturing services for the solar power industry, has signed new contracts totaling more than $200 million for its market-leading DSS450 ingot growth furnaces and ancillary equipment and services.

This includes a $137 million follow-on order from a large Chinese customer, as well as orders from Tianwei New Energy Holdings Co. Ltd, Phoenix Photovoltaic Technology Co. Ltd, Yingli Green Energy Holding Co. Ltd, JA Solar Holding Co. Ltd, Taiwan-based Sino-American Silicon Products (SAS), and one other customer. The orders were booked in GT Solar’s current fourth fiscal quarter and revenue for these orders is expected to be recognized in periods subsequent to the current fiscal year.

“We are pleased that leading PV manufacturers continue to express confidence in our ingot growth technology, as evidenced by these orders from our valued Asian customers,” said Tom Gutierrez, president and CEO, GT Solar.

“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. 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.”