Qatar Solar Technologies announced that it had won The New Economy Magazine’s Clean Tech & New Energy Award for Best Joint Venture, Africa/ Middle East.
The New Economy Magazine’s Clean Tech & New Energy Awards, which were presented to the winners at the London Stock Exchange, were established to recognise companies that are set to guide the world’s renewable energy future through innovation, vision and leadership. QSTec, formed in March 2010, is a joint venture between Qatar Foundation’s solar investment arm Qatar Solar, SolarWorld AG and the Qatar Development Bank. QSTec is currently building an 8,000 metric ton per annum polysilicon plant in Qatar worth US$1bn with a vision to become an integrated solar energy company.
“Together with our joint venture partners we have formed QSTec to develop a solar industry for Qatar and build an organisation whose solar products, services and technologies are known throughout the world for their quality,” said Dr Khalid Klefeekh Al Hajri, Board Member and CEO of Qatar Solar Technologies. “As individual companies, our joint venture partners are known as leaders in their fields and when visionary leaders come together with access to unrivalled resources we can achieve great things. Qatar Solar Technologies is honoured to be recognised with this award as the Middle East and Africa’s leading solar industry joint venture company and we look forward to a bright future.”
The winners of the Clean Tech and New Energy Awards 2011 were selected by The New Economy Magazine’s panel of industry experts and readers from a record number of global nominations. "With its vision, commitment to excellence and solid market experience coupled with a strong financial backing, it is evident that QSTec is ideally positioned to become one of the most significant renewable energy players globally, as well as positioning Qatar as the most innovative technological and sustainable hub within the Middle-East," said Jan Spiegel, Editor of The New Economy.
The four month long awards selection process selected organisations that are at the forefront of clean technologies and new energy advancement and possess a vision for the future that will add value to their industry and society.