IFC and Partners Support United Solar's Polysilicon Plant to Drive Economic Diversification and Job Creation in Oman
Oman, Jan. 19 -- ?IFC, a member of the World Bank Group, announced an investment to help United Solar Polysilicon (FZC) SPC, United Solar, finance its greenfield polysilicon plant in Oman's Sohar Freezone. The financing aims to boost the manufacturing of polysilicon, creating nearly 3,000 direct and indirect jobs, helping attract foreign direct investments, and advancing Oman's vision for economic diversification and reduce reliance on oil.Polysilicon is a key ingredient for the global solar photovoltaic (PV) value chain. At full capacity, the plant is expected to enable the production of approximately 40 gigawatts of solar modules annually, enough to power up to 12 million homes. It will also contribute to the avoidance of 8.8 million tons...
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