local time, Oman-based Solar 1.6 billion (about 10.879 billion yuan) for the company . $1 ≈ 6.In April
2025, United Solar announced an agreement with IFC to sign a strategic framework to support the construction of a polysilicon plant in Oman; According to media reports in August, the International Finance Corporation of the World Bank approved a polysilicon manufacturing project
in Oman on January 20, 2026, and United Solar said publicly that. Its polysilicon plant project company has received IFC and cooperative banks. 4
. In addition to IFC financing, Future Fund Oman invested 60 million Omani riyals in United Solar in October 2024. In
January 2026, United Solar also disclosed that it had obtained Sohar International Bank SAOG from Oman Commercial Bank (Sohar International Bank). Over $400 million in term loans and working capital financing lines from leading local commercial banks;
United Solar plans to invest $ 1.6 billion in a 100,000-ton polysilicon plant in Oman. The project was announced to start on March 11, 2024, and the commissioning ceremony was officially held in February 2026. It is expected to achieve full production and operation by the end of this year. According to United Solar, the plant will be able to produce 40GW PV annually at full capacity
" It is worth noting that, in addition to financing, India December, Waaree, an Indian photovoltaic company, announced that it would invest $30 million to acquire United Solar Holding about 536. The acquisition was originally scheduled to be completed in January 2026. On March 16
, 2026, Waaree announced the completion of the equity acquisition, with a total transaction price of $30 million.
According to previous reports, while carrying out the above-mentioned equity acquisition, the two sides also signed a long-term polysilicon procurement agreement, the purpose of which is to guarantee the supply of polysilicon for global photovoltaic manufacturing business, especially in the United States.
United Solar has previously said that the plant will produce polysilicon products with complete supply chain traceability.
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