Recently, Waaree Energies, a subsidiary of India's leading photovoltaic company, announced Waaree Solar Americas that. It plans to invest $30 million (about 210 million yuan) to acquire polysilicon manufacturer United Solar Holding about
536. It is expected to be completed by 31 January 2026.
It is worth noting that before investing in United Solar Holding, Waaree was also in September this year. United Solar Holding was founded in May 2023, according to the " of the acquisition of Meyer Burger in the United States. It was founded by LONGGEN ZHANG ( Zhang Longgen ), former chief financial officer of JinkoSolar and former vice chairman of Daqo Energy.
According to previous reports, the company is building a polysilicon plant project with an annual output of 100000 tons in the Sohar Free Zone of Oman in the Middle East, which was announced on March 11, 2024 and is scheduled to be completed in 2026. After full production, the annual output of the project will be able to meet the production demand of 40 GW photovoltaic modules .
In addition to the US $30 million received this time, the project also received US $450 million from the International Finance Corporation of the World Bank and the Arab Bank of Oman .
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