PVTIME – GCL TECH (03800.HK), a world-leading R&D and intelligent manufacturer of photovoltaic materials has announced its intention to build the Middle East’s first polysilicon factory in the United Arab Emirates in partnership with Mubadala Investment Company PJSC. This move is designed to establish an integrated silicon manufacturing base in the UAE, with the potential to positively influence the global polysilicon industry and the economic diversification and employment in Abu Dhabi.
GCL TECH has announced that in May of this year, its wholly owned subsidiary, GCL Technology (Suzhou) Co., Ltd., and MDC POWER HOLDING COMPANY LLC, a wholly-owned subsidiary of Mubadala Sovereign Fund, have reached an agreement on the joint development of the UAE’s first polysilicon production facility.
Following two years of meticulous planning, GCL TECH’s polysilicon project in the Middle East will commence operations. The project will produce granular silicon materials at a low cost and of high quality, which will facilitate the global deployment of silicon materials, thereby contributing to the growth of the global green energy industry.
In recent years, the UAE government has consistently increased its investment in renewable energy, creating a favourable environment for the photovoltaic industry and attracting numerous foreign manufacturers to invest. A number of PV companies, including TCL Zhonghuan, Trina Solar and Arctech, have disclosed their intention to invest in polysilicon, silicon, wafer, solar cell and module and related materials projects in the Middle East since 2023.
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