Qatar Solar Technologies wins The New Economy Magazine’s Clean Tech & New Energy Award

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.

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.