PVTIME – Recently, Bakarat Investment, an Omani renewable energy investment company, signed an agreement with Q-Sun Solar, a Chinese company mainly engaged in the R&D, production and sales of PV modules, to jointly build a large-scale solar cell and module factory in the Sohar Free Trade Zone in north-western Oman, with a total investment of US$200 million (EUR184.1 million).
A joint venture will be set up to build and operate the plant. The new facility is designed to produce 8GW of solar modules and 2GW of cells, including TOPCon and HJT products.
Oman is blessed with abundant solar resources and has launched Vision 2040, a renewable energy development plan that has created opportunities for PV companies. Oman has great geographical advantages, being close to Middle Eastern, Asian and European markets, and has signed long-term free trade agreements with major Western countries.
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