GCL Technology is in advanced talks with Saudi Arabian authorities concerning development of a 120,000-ton polysilicon factory in Saudi Arabia, according to joint CEO Lan Tianshi in an interview with Bloomberg. Tianshi stated that this could begin operations in 2025. That statement would have to be considered notional unless construction actually begins within six months, so Tianshi is implying that the advanced talks may bear fruit imminently. At 2.6 grams per Watt and a 90% capacity utilization rate, that’d be enough polysilicon to manufacture the entirety of Europe’s 2022 installations. If this goes ahead, an entire new solar manufacturing industry would’ve been created – currently almost all polysilicon production is Chinese, with small amounts across the West and significant capacity…