{"id":88531,"date":"2024-12-10T00:00:00","date_gmt":"2024-12-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/10\/ewpartners-invests-in-omani-mega-polysilicon-plant\/"},"modified":"2024-12-10T00:00:00","modified_gmt":"2024-12-10T00:00:00","slug":"ewpartners-invests-in-omani-mega-polysilicon-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/10\/ewpartners-invests-in-omani-mega-polysilicon-plant\/","title":{"rendered":"Ewpartners invests in Omani mega polysilicon plant"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Ewpartners <\/strong><strong>enters the MENA green sector: <\/strong>Riyadh-based international investment platform Ewpartners has invested USD tens of mns in a USD 1.6 bn polysilicon plant being built in Oman\u2019s Sohar Port Free Zone by Australian renewable energy developer <a target=\"_blank\" href=\"https:\/\/unitedsolargroup.com\/\" style=\"\" rel=\"noopener\">United Solar Group<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/ewpartners.fund\/news\/38\" style=\"\" rel=\"noopener\">statement<\/a> released last week. This marks the investment platform\u2019s first investment in the energy transition sector, as polysilicon is a key material in solar panel manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The money is coming from the company\u2019s tech fund: <\/strong>This investment marks Ewpartners\u2019 second from its Technology Innovation Fund II. An initial investment of USD 50 mn went towards Lenovo\u2019s supply chain business in November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plant: <\/strong>United Solar began constructing the polysilicon plant in March \u2014 estimated to be a USD 1.3 bn investment ticket at the time \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/90c2c89c-ce03-4868-95cc-19071a2e4729\" style=\"\" rel=\"noopener\">back in March<\/a>. It is expected to have a production capacity of 100k tons per year, earmarked for export. Operations are expected to begin in 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The FFO also made a contribution: <\/strong>Oman Investment Authority (OIA) investment vehicle, the Future Fund Oman (FFO), provided funding of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/872b2cbe-80cc-4269-a82a-5a14a100e503\/future-fund-oman-launches-initial-investment-round-worth-usd-2.15-bn\" style=\"\" rel=\"noopener\">USD 156 mn<\/a> for the project in October. The investment came as part of a first batch of investments \u2014 worth USD 2.15 bn \u2014 across various sectors, including renewable energy and EVs. The OIA had also committed USD 150 mn to Ewpartners <a target=\"_blank\" href=\"https:\/\/ewpartners.sa\/news\/30\" style=\"\" rel=\"noopener\">in October<\/a> to support the Technology Innovation Fund II.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China is supplying the materials:<\/strong> Solar material manufacturer Shuangliang Eco-Energy, a subsidiary of China\u2019s Shuangliang Group, will be supplying polycrystalline silicon reduction furnaces, hydrogen production equipment, and refrigeration units for the facility. The equipment is valued at USD 58.32 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This marks the investment platform\u2019s first investment in the energy transition sector<\/p>\n","protected":false},"author":1,"featured_media":88532,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152],"tags":[11,151,92,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseclimate","tag-investment-watch","tag-oman","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"d910b483-2feb-430a-8298-4350353f2c5c","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/720.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ewpartners invests in Omani mega polysilicon plant","related_issue":[88521],"teaser":"This marks the investment platform\u2019s first investment in the energy transition sector","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.467c3c5d-ed94-49b5-a8f7-4c0af71bf83b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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