{"id":1158,"date":"2024-12-06T04:11:00","date_gmt":"2024-12-06T00:11:00","guid":{"rendered":"https:\/\/www.utilitybusinessmena.com\/?p=1158"},"modified":"2024-12-06T04:11:00","modified_gmt":"2024-12-06T00:11:00","slug":"ewpartners-invests-in-1-5bn-polysilicon-plant-in-oman","status":"publish","type":"post","link":"https:\/\/cheeltech.com\/utilitybusinessmena\/news\/ewpartners-invests-in-1-5bn-polysilicon-plant-in-oman","title":{"rendered":"ewpartners invests in $1.5bn polysilicon plant in Oman"},"content":{"rendered":"\n<p>Investment firm <a href=\"https:\/\/www.utilitybusinessmena.com\/renewable-energy\/energy-storage-renewable-energy\/egypt-introduces-tariffs-for-solar-energy-storage-to-boost-investment\" data-type=\"post\" data-id=\"933\" rel=\"nofollow noopener\" target=\"_blank\">ewpartners<\/a> has announced a multimillion-dollar commitment to United Solar\u2019s $1.5 billion polysilicon plant in Oman\u2019s Sohar Port Free Zone.<\/p>\n\n\n\n<p>The 100,000-tonne capacity facility will play a key role in advancing the region\u2019s <a href=\"https:\/\/www.utilitybusinessmena.com\/renewable-energy\/global-renewable-energy-to-rise-with-5500-gw-of-new-capacity-by-2030-iea\" data-type=\"post\" data-id=\"539\" rel=\"nofollow noopener\" target=\"_blank\">renewable energy<\/a> ambitions as solar power adoption accelerates.<\/p>\n\n\n\n<p>This is ewpartners\u2019 second investment under its Technology Innovation Fund II, following a $50 million investment in Lenovo\u2019s supply chain arm, Leshines, in November.<\/p>\n\n\n\n<p>The company\u2019s move into energy transition reflects its broader strategy to support sectors vital to economic diversification in the Middle East and North Africa (MENA).<\/p>\n\n\n\n<p>\u201cThe market potential for green energy in the Middle East is significant,\u201d said Cliff Chau, Managing Partner at ewpartners, formerly known as eWTP Arabia Capital.<\/p>\n\n\n\n<p>\u201cAs countries in the region diversify their economies, initiatives like Oman\u2019s Ibri II Solar Project and the UAE\u2019s Energy Strategy 2050 are setting benchmarks for renewable energy growth. Solar power presents substantial opportunities for investors, especially with advancements in energy storage and grid modernization.\u201d<\/p>\n\n\n\n<p>Oman\u2019s polysilicon plant is set to be a critical link in the solar energy supply chain, providing essential materials for photovoltaic panels and supporting the region\u2019s broader renewable energy goals.<\/p>\n\n\n\n<p>ewpartners\u2019 investment highlights its commitment to regional economic transformation, leveraging its expertise in logistics and digital infrastructure to target the burgeoning energy transition sector.<\/p>\n\n\n\n<p>\u201cWe are proud to support industries driving the Middle East\u2019s transition to a sustainable future,\u201d added Chau. \u201cOur investment in United Solar underscores our dedication to fostering innovation and resilience in the energy sector.\u201d<\/p>\n\n\n\n<p>The company has been active in the MENA region since 2017, backing companies like Saudi Cloud Computing Company and J&amp;T Express.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 100,000-tonne capacity facility will play a key role in advancing the region\u2019s renewable energy ambitions as solar power adoption accelerates.<\/p>\n","protected":false},"author":2,"featured_media":1159,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,41,559],"tags":[1338,1339,265,1340],"class_list":{"0":"post-1158","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-renewable-energy","9":"category-solar","10":"tag-cliff-chau","11":"tag-ewpartners","12":"tag-oman","13":"tag-polysilicon"},"_links":{"self":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/1158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/comments?post=1158"}],"version-history":[{"count":0,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/1158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media\/1159"}],"wp:attachment":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media?parent=1158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/categories?post=1158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/tags?post=1158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}