GCL Tech said it has signed a strategic partnership agreement with MDC Power, a unit of UAE-based Mubadala Investment Co., to build a polysilicon manufacturing facility in the United Arab Emirates.
GCL Tech did not reveal the location of the factory, which will be the first polysilicon production facility in the Middle East.
“The company expects to continuously develop the partnership with Mubadala with a view to entering into legally binding investment agreements related to the partnership project,” GCL Tech said, without providing additional details on the project.
GCL Tech said it currently has 12 GW of ingot capacity and 58.5 GW of wafer capacity in China. It is working on perovskite tandem technology, with reported efficiencies of 19.04% for a single-junction module and 26.34% for a tandem module.
Mubadala serves as one of the sovereign wealth funds of the Emirate of Abu Dhabi.
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