Where will a 5GW solar PV plant be built in Oman?

Muscat – Chinese photovoltaic-cell maker Hainan Drinda New Energy Technology (Drinda) has signed an agreement to set up a 5GW solar photovoltaic (PV) cells manufacturing unit in Oman. The Haikou-based firm plans to build the plant in Suhar in two phases, each with a scheduled annual capacity of 5GW of N-type TOPCon cells.

Will China build a 10 GW solar cell plant in Oman?

Shenzhen-listed Chinese solar cell manufacturer Hainan Drinda New Energy Technology said it has 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 CNY 5.078 billion ($699.4 million).

Is invest Oman building a high-efficiency N-type cell factory in Oman?

On October 31, we formalised our commitment to a 5GW high-efficiency N-type cell manufacturing base in Oman with ‘Sohar Free Zone Land Lease Agreement’ signed at the Invest Oman building in Muscat,’ the company stated.

Will Oman achieve net zero emissions by 2050?

Oman has committed to achieve net zero emissions by 2050 and the government is looking to expand its electricity-generation capacity through renewable power projects, with plans to derive at least 30% of electricity from renewables by 2030, mainly through onshore wind and solar projects.

Will Oman produce more green hydrogen by 2030?

Oman seeks to install 40mn solar panels and import close to 6,000 wind turbines over the next few years to more than double the country’s existing power capacity as part of plans to produce more than 1mn metric tonnes per year of green hydrogen by 2030.

Which Chinese PV companies are investing in the Middle East?

Drinda is one of several Chinese PV enterprises that are investing in the Middle East. In June, GCL announced a potential collaboration with Mubadala to establish its first overseas silicon materials factory in the United Arab Emirates.