On February 5, United Solar Holding, a solar polysilicon manufacturer, officially put into operation its 100,000-ton polysilicon project in Oman.
It is understood that the project, with a total investment of 1.6 billion US dollars (about 11.2 billion RMB), was announced on March 11, 2024, and the annual output after full production will meet the production demand of 40GW photovoltaic modules .
It is noteworthy that, according to United Solar Holding, the plant will produce polysilicon with full traceability. During the construction of
the project, the company has completed several rounds of financing. This includes $ 480 million in debt financing from the International Finance Corporation (IFC) and other partner banks in August 2025, and more than $ 400 million in term loans and working capital loans from local banks . According to
the company's official website, United Solar Holding was founded in May 2023 and is headquartered in Oman, focusing on the global polysilicon market. It was founded by LONGGEN ZHANG (Zhang Longgen) , former chief financial officer of JinkoSolar and former vice chairman of Daqo Energy.
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