On July 6, Oman solar polysilicon manufacturer United Solar announced the completion of IFC's $50 million equity investment delivery, marking the successful completion of its total financing plan of $1.6 billion (about 10.879 billion yuan). The
project has been supported by several rounds of equity and creditor's rights funds from Oman Future Fund, local bank syndicate, IFC and cooperative institutions, and 100000 tons of polysilicon project has been started in March 2024 and put into operation in February 2026, and is expected to achieve full production by the end of this year. The annual production capacity can support the production demand of 40 GW PV modules .
In addition, Waare, India's leading photovoltaic company , invested $30 million in the company in December 2025 and bound a long-term polysilicon procurement agreement, focusing on ensuring the stability of raw materials for its overseas photovoltaic manufacturing business, such as the United States.
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