Chinese Solar Firm to Boost Production Outside of China With New Cell Factory in Oman

Shenzen listed solar cell maker Hainan Drinda New Energy Technology (Drinda) announced plans to build a 10 GW factory in Oman to produce solar cells.

The company, through its subsidiary JTPV, will invest up to US$700 million to build a 10 GW factory dedicated to TOPCon solar cell production. This project will be constructed in two phases, each with a capacity of 5 GW.

The investment agreement was signed with the Oman Investment Authority (OIA), a government body under the Ministry of Commerce, Industry, and Investment Promotion. As with other economies in the region, Oman is aiming to diversify its economy beyond oil and gas.

This project is expected to significantly boost Oman’s PV industry and support its Vision 2040 strategy, Drinda stated. Vision 2040 aims for 20% renewable energy by 2030 and 39% by 2040.

Drinda has successfully transitioned from producing automotive interior components to the solar energy sector. The Oman move supports the company’s ambitious plans to achieve an annual production capacity of 14 GW outside of China.