PVTIME – United Solar Holding Inc. A solar manufacturer who is constructing a polysilicon factory at Sohar Freezone, has recently received an investment of US$156 million from Future Fund Oman (FFO), a new investment vehicle launched by Omani sovereign wealth fund Oman Investment Authority (OIA).
As one of the Middle East’s largest polysilicon facility, it will generate 100,000 tonnes of polysilicon annually for the global solar PV industry. It is owned and operated by United Solar Polysilicon (FZC) SPC, once upon completion in 2025, this US$1.6 billion mega project has the potential to catapult the Sultanate of Oman into the ranks of leading nations with the capability to produce this strategically vital commodity, which also has the potential to ignite investment inflows into a thriving downstream sector in the country.
United Solar is a manufacturing company specialising in the production of photovoltaic and semiconductor grade crystalline silicon materials. Its management team has attracted much attention in the industry. The founder and chairman of the company, Mr Zhang Longgen, was the core executive of two Chinese PV giants, JinkoSolar and Daqo.
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