Gstar Solar Partners with UAE’s Siraj Group for 2GW Solar Module Plant
Gstar Solar and Siraj Group have signed an MoU to build a 2GW solar module assembly plant in the UAE, marking Gstar’s Middle East debut with high-efficiency N-type technology. The construction is scheduled to begin in November.
August 29, 2024. By EI News Network
The memorandum of understanding (MoU) was signed with the aim of leveraging local markets and resources. The construction of the facility is scheduled to commence in November, with the project set to bolster Gstar’s global supply chain and expand its footprint in the Middle East. Wang Yang, Chairman of Gstar Solar, emphasised the strategic importance of this collaboration, noting that it is a pivotal step in advancing the company’s international presence and supporting its global growth strategy.
Siraj Group, part of the Al Otaiba Group of Companies, brings significant expertise in solar project financing and asset management. As per the statement, the group's deep understanding of the Middle Eastern market will be instrumental in driving the project forward and maximizing its impact. The UAE’s abundant sunlight and ambitious goal of achieving net-zero emissions by 2050 align with Gstar’s commitment to clean energy development.
This partnership not only strengthens Gstar’s position in the Middle East but also enhances its role in the global renewable energy market. The UAE’s strategic location as a trade hub connecting Europe, Asia, and Africa further supports Gstar’s global expansion ambitions.
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