China-based solar manufacturer and Oman’s sustainable investment firm Bakarat Investment have agreed to jointly set up a 10 GW solar module factory in the country with an investment of around $200 million.
China-based solar manufacturer Q-Sun Solar has signed an agreement with Oman’s sustainable investment company Bakarat Investment to jointly set up a 10 GW solar module factory in the country with an investment of around $200 million.
The facility, located in the Sohar Free Trade Zone, should have a capacity of 8 GW for modules and 2 GW for cells. It will produce both TOPCON and heterojunction panels (HJT).
Founded in 2014 and headquartered in Chuzhou City, Anhui Province, Q-Sun Solar has branches in the US, Germany, Singapore and other countries, with products sold in more than 50 countries.
Bakarat Investment, a leader in Oman’s renewable energy sector, has extensive expertise and robust project management capabilities. Investments range from renewable energy to advanced medical laboratories and youth education programs.
“This deep collaboration with Q-Sun Solar marks an important milestone for Oman’s sustainable energy sector,” said Ahmed bin Saud Al Salmi, CEO of Bakarat Investment. “The project demonstrates our commitment to introducing cutting-edge technology, supporting the ‘2040 Vision’ through tangible actions, and promoting economic growth through job creation and technological advancement.”
“Our investment in Oman underlines our determination and commitment to advancing the global photovoltaic industry through innovation and strategic partnerships,” said Qin Wenming, Chairman of Q-Sun Solar. “This partnership with Bakarat Investment not only supports Oman’s sustainable energy transition goals, but also represents an important part of our strategic plan for sustainable energy development in the Middle East and beyond. We hope this partnership will position Oman on the global sustainable energy stage, drive a new energy landscape in the Middle East and support the global zero-carbon mission.”
In late June, Shenzhen-listed Chinese solar cell manufacturer Hainan Drinda New Energy Technology signed an agreement with the Oman Investment Authority (OIA) to build a 10 GW cell manufacturing facility in Oman. The total investment for the project is approximately CNY5.078 billion ($699.4 million). Drinda’s wholly owned subsidiary, JTPV – a major independent mobile supplier listed on the Shenzhen Stock Exchange – will build the factory. This is Drinda and JTPV’s first publicly announced foreign investment project.
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