ENERGY CITY QATAR

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Hesham Al-Emadi, CEO, Energy City Qatar February 2012

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Qstec To Incorporate Solar Energy Into Energy City Qatar Developments Following Mou Signing

05-06-2012

Qatar Solar Technologies (QSTec) committed to helping Energy City Qatar (ECQ) incorporate solar panels and technologies into its future developments by signing a Memorandum of Understanding on Tuesday.

Dr Khalid Klefeekh Al Hajri, Chairman and CEO of QSTec and Rashid Nasser Sraiya Al Kaabi, Chairmanof Energy City both signed the MOU at ECQ’s offices in West Bay, Doha.

By incorporating QSTec’s solar panels and technologies into its buildings, ECQ will meet national building standards such as QSAS and silver and gold LEED certifications; codes designed to encourage organizations to use environmentally friendly and sustainable energy sources in buildings.

Dr Khalid Klefeekh Al Hajri, Chairman and CEO of QSTec, "QSTec is well on its way to building a brand new industry of solar energy for Qatar so we are pleased to be joining forces with Energy City Qatar, one of Qatar’s most important projects, to collaborate on developing solar solutions that meet their needs.”

“We aim to work with all Qatari organisations and institutions that are looking to utilise solar energy to become more sustainable. This MOU will see us working together to develop sustainable energy solutions that will have a positive effect on the environment and we expect to see many more local organisations adopting solar technologies in the future. ”added Dr Al Hajri.

Commenting on the signing of the MoU, Rashid Nasser Sraiya Al Kaabi, Chairman of ECQ stated, "Energy City Qatar was the first to implement the Green and Sustainable building concepts in Qatar. With both LEED and QSAS certifications, the concept and creation of ECQ stands on the firm grounds of sustainability. We are delighted to see that green building and sustainable construction that includes the adoption of alternative energy systems is widely accepted and showing an upward trend in Qatar and the region.”

“It is an honour to be the first real estate company to sign with QStec, a company that shares our vision in building a more sustainable future for our nation. We are advocates of the Qatar National Vision 2030 and we will seize every opportunity that will help realize this vision.” Added Al Kaabi.

“Our city wide use of solar energy was originally designed to reach 6 MW but with this collaboration with QSTec we aim to increase Energy City’s use of solar power to9 MW which represents around 15% of the total energy usage at ECQ” said Al Kaabi.

Qatar Solar Technologies’ number one priority is providing solar solutions that are sustainable, efficient and the very best quality.QSTec will start by producing high quality, solar grade polysilicon; the key ingredient that goes into making the world’s most efficient solar technologies such as solar cells and modules that convert the power of the sun into energy. This solar energy will provide a sustainable alternative source of energy whilst conserving and protecting Qatar’s natural resources for the future.

In the not too distant future, QSTec hopes to build solar modules made in Qatar, made from QSTec’s own polysilicon and then exported to the rest of the world.

Built on 1.2 million square meters of land in RasLaffan Industrial City, Qatar, QSTec’s US$1 billion polysilicon manufacturing plant will produce 8,000 metric tons per year (MTPY) of polysilicon per year but it is designed to expand as demand grows. Eventually, more than 45,000 MTPY of polysilicon can be produced with the plant being designed to seamlessly incorporate ingots, wafers, cells and module manufacturing facilities.

ECQ is a fully integrated business cluster that will be the Gulf’s first oil and gas industry commercial hub. ECQ will be a single point of access to the Middle East and global Oil & Gas players in the hydrocarbon value chain. The Memorandum of Understanding agreement is another affirmative step for QSTec to provide Qatar with a sustainable source of energy.

For more information about Qatar Solar Technologies, visit the new website at www.qstec.com.