Kazakhstan Chamber of Commerce in the USA

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Qatar Solar Energy makes deal with Kazatomprom to boost Qatar’s renewable energy production

Posted on August 12, 2014 by KazCham

Business Intelligence from Colibri Law Firm: Issue #91 

Qatar Solar Energy (QSE) and the multi-billion dollar Kazakhstan-based energy company Kazatomprom recently signed a ‘landmark’ agreement that will see large quantities of solar grade silicon provided to the MENA-region-based solar company at a ‘very low’ fixed cost for the next ten years.

Kazatomprom, ranked as the world’s largest producer of uranium, has been active in renewable energy since 2009. The company implements a number of high tech innovative projects in the sustainable energy sector including the production of photovoltaic modules (Astana Solar), the production of ingots, wafers and cells (Kazakhstan Solar Silicon) and solar grade silicon production (Kaz Silicon).

Speaking about the deal, Mr Abbassi (QSE CEO) commented: “This partnership allows QSE to secure the entire value chain from raw material to smart-grid development and provides a powerful foundation from which QSE will further expand its production capacity to 2.5 GW.”

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