PVTIME – Hainan Drinda New Energy Technology Co., Ltd. (Drinda, 002865.SZ), a China-based company primarily engaged in the research, development, production and sale of photovoltaic cells, recently announced that it has signed an investment intention agreement with the Omani Investment Authority to establish a large-scale solar cell manufacturing base in Oman.
This particular project is expected to produce 10GW of high-efficiency TOPCon solar cells annually, with a total investment of $700 million. It will be implemented in two phases of 5GW each, with details to be defined.
Drinda has shifted from manufacturing car interiors to the solar energy sector since 2021. The project will help Drinda accelerate its overseas production layout to meet the demand of international customers and increase the global market influence of its products, without disclosing further details such as financial outlook.
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