Image: Gstar, Siraj Group
Singapore’s Gstar has signed a Memorandum of Understanding (MoU) for a 2 GW photo voltaic module manufacturing venture within the UAE, which focuses on high-efficiency N-type know-how.
The MoU was arrange by a Middle Eastern consortium, led by the diversified funding firm Siraj Group and in partnership with Galaxico and Stark Consulting.
Construction of the venture, which marks Gstar’s entry into the Middle East market, is anticipated to start in November. The location of the ability was not disclosed.
“Through this partnership, Gstar and the Middle Eastern consortium will leverage native markets and assets, quickly improve Gstar’s strategic presence within the Middle East and usher in a brand new chapter of technological innovation. , industrial upgrading, and international cooperation,” an announcement on the GStar web site mentioned.
Earlier this yr, GStar introduced that it had damaged floor on a 3 GW wafer manufacturing facility in Indonesia, which is anticipated to start out manufacturing by the tip of the yr.
Recently, Chinese polysilicon maker GCL Tech introduced a partnership with Emirati state-owned Mubadala Investment Co. to construct the primary polysilicon manufacturing facility within the Middle East within the UAE.
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