iceland prime minister materials silicor has welcomed the establishment of its "low cost" commercial scale solar grade silicon factory and a step further, access to the us dollar interest capital agreement.
the headquarters is located in california, and aluminum vice product manufacturers announced yesterday that it has to get the latest part of the plant financing, the plant's rated output of 16000mt to reach up to 19000mt.
silicor in 2014 announced its intention to build the plant, said it could make the cost to $nine per kilogram. the company said it will use proprietary aluminum smelting process in the metallurgical grade silicon, the world's most expensive production of solar grade silicon. silicor said the process is less than the traditional method of energy 2/3, no toxic chemicals.
it is also due to geographical factors to choose iceland to build the plant, which will increase the cost advantage, which includes the use of geothermal energy to run the production and aluminum rich. in march this year, silicor signing germany smssiemag provide equipment and design for the factory and later in june with the danish contractors mth & oslash jgaard signed a $2.28 billion worth of the interim agreement to build the factory.
silicor quoted a statement by the prime minister of iceland about dav, d gunnlaugsson. welcome the plant, and emphasized that it is for an important investment in the country.
gunnlaugsson said: "the government is focused on promoting iceland as an interesting investment opportunity, and we see that as interest is growing, iceland's economy is more stable.". this mega project is a model of. obviously, investors see iceland there are many positive opportunities, we are very optimistic about the future."
the scandinavia state in 2008 after the financial crisis, has been keen to stimulate the economy through investment, when it will be state-owned banks and the financial system to implement the temporary capital controls, in june this year has just lifted the measure. in addition, control means that iceland's pension funds can not invest in overseas assets.
the latest $, including the iceland pension fund investment, as well as existing silicor investors, such as private holdings company clean energy hudson. iceland's corporate finance centra proposed silicor to issue shares, like hudson.
silicor said, is expected to start construction in mid 2016, in the development phase will be part of the latest financing, most of the construction stage. the company said it had received a number of sales commitments and a letter of intent from the global pv manufacturers, which could absorb a lot of output, the plant said, up to 75% - and the supply agreement was in place. silicor will also be sold to the third party of the silicon wafer to sell their products in the production of aluminum chloride.
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