[SMM PV News] United Solar Secures $900 Million Debt for Middle East’s Largest Polysilicon Plant in Oman

Published: Jan 21, 2026 13:46

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United Solar Holding has secured over $900 million in debt financing to complete funding for its $1.6 billion polysilicon facility in Oman's Sohar Freezone. Scheduled to begin operations in the first quarter, the 100,000 MT plant will be the Middle East's largest and is designed to produce fully traceable polysilicon compliant with US Foreign Entity of Concern standards. The financing structure includes a $480 million package arranged by the IFC and over $400 million from local commercial banks, supported by an increased equity commitment of approximately $260 million from the Oman Investment Authority's Future Fund to help diversify the global solar supply chain.

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