United Solar secures $50M equity financing from IFC for Oman polysilicon plant

Type: Financing · Technology: Solar · Country: Oman · Value: $50M · Announced: 2026-07-07

United Solar secured a US$50 million equity investment from the International Finance Corporation (IFC). The funding will support the construction of United Solar’s polysilicon manufacturing facility in Oman. Polysilicon is a key feedstock for solar photovoltaic modules, and the new plant aims to boost regional solar supply chains. The investment marks IFC’s continued focus on renewable energy projects in the Middle East, aligning with its climate finance objectives. The equity deal was finalized at financial close, with the World Bank Group serving as the parent organization of IFC.

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