Singapore–based vertically integrated PV company Gstar has established a partnership with a Middle Eastern consortium led by UAE–based investment firm Siraj Group. The partnership, initiated through a Memorandum of Understanding (MoU), aims to develop a 2 GW solar module manufacturing facility featuring high-efficiency n-type technology. The consortium led by Siraj Group includes Galaxico and Stark Consulting. This agreement was set to be signed in mid-August, with construction expected to begin in November 2024. According to InfoLink statistics, the overall Middle Eastern photovoltaic market is expected to grow steadily, with demand potentially reaching 29 to 35 GW by 2027.
Gstar partners with Siraj Group for 2 GW solar module project
UAE’s Siraj Group and Gstar have signed an MoU to develop a high-efficiency module manufacturing facility. (Photo Credit: Gstar)
India, China, and Indonesia will lead APAC’s 57 GW dc floating solar capacity, achieving 31 GW (DC) combined by 2033. (Image Source: SOLARbytes)
EOS Capital Advisors advised Balanced Rock Power in selling its 25 MW solar project to Standard Solar. (Image Source: Standard Solar)
China Energy Engineering Corporation taps Huasun’s high-efficiency HJT solar modules for its 2024 projects. (Image Source: Huasun)
Saatvik Solar will supply GH2 Solar with bifacial PV modules over a 12-month period beginning January 2025. (Image Source: Saatvik Solar)