Investment firm ewpartners has announced a multimillion-dollar commitment to United Solar’s $1.5 billion polysilicon plant in Oman’s Sohar Port Free Zone.
The 100,000-tonne capacity facility will play a key role in advancing the region’s renewable energy ambitions as solar power adoption accelerates.
This is ewpartners’ second investment under its Technology Innovation Fund II, following a $50 million investment in Lenovo’s supply chain arm, Leshines, in November.
The company’s move into energy transition reflects its broader strategy to support sectors vital to economic diversification in the Middle East and North Africa (MENA).
“The market potential for green energy in the Middle East is significant,” said Cliff Chau, Managing Partner at ewpartners, formerly known as eWTP Arabia Capital.
“As countries in the region diversify their economies, initiatives like Oman’s Ibri II Solar Project and the UAE’s Energy Strategy 2050 are setting benchmarks for renewable energy growth. Solar power presents substantial opportunities for investors, especially with advancements in energy storage and grid modernization.”
Oman’s polysilicon plant is set to be a critical link in the solar energy supply chain, providing essential materials for photovoltaic panels and supporting the region’s broader renewable energy goals.
ewpartners’ investment highlights its commitment to regional economic transformation, leveraging its expertise in logistics and digital infrastructure to target the burgeoning energy transition sector.
“We are proud to support industries driving the Middle East’s transition to a sustainable future,” added Chau. “Our investment in United Solar underscores our dedication to fostering innovation and resilience in the energy sector.”
The company has been active in the MENA region since 2017, backing companies like Saudi Cloud Computing Company and J&T Express.
