GCL Tech stated it has signed a strategic cooperation settlement with MDC Power, a unit of UAE-based Mubadala Investment Co. to determine a polysilicon manufacturing facility within the United Arab Emirates.
GCL Tech didn’t disclose the situation of the manufacturing unit, which would be the first polysilicon manufacturing facility within the Middle East.
“The firm expects to proceed to develop its partnership with Mubadala with the purpose of getting into into funding agreements associated to the Collaboration Project,” stated GCL Tech, with out offering additional particulars concerning the mission.
GCL Tech stated it at the moment has 12 GW of ingot capability and 58.5 GW of wafer capability in China. It works with perovskite tandem know-how, with a reported effectivity of 19.04% for a single-junction module and 26.34% for a tandem module.
Mubadala operates as one of many sovereign wealth funds of the Emirate of Abu Dhabi.
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