On February 5, United Solar Holding, a solar polysilicon manufacturer, officially put into operation its 100,000-ton polysilicon project in Oman. The
project, with a total investment of 1.6 billion US dollars (about 11.2 billion RMB), will start on March 11, 2024. After full production, the annual output can meet the demand of 40 GW photovoltaic modules , and the products are fully traceable. During the construction period, the company completed several rounds of financing, and in August 2025, it received $480 million in debt financing and more than $400 million in local bank loans. Founded in May 2023 and headquartered in Oman,
the company was founded by LONGGEN ZHANG, former chief financial officer of JinkoSolar and former vice chairman of Daqo Energy.
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