ewpartners Invests in United Solar’s USD 1.5 Billion Polysilicon Plant in Oman

ewpartners has made a significant move into the energy transition sector with a multi-million-dollar investment in United Solar’s USD 1.5 billion polysilicon plant located in the Sohar Port Free Zone, Oman.

This investment  is a part of ewpartners' strategy  to expand its focus to include energy transition and related supply chains, following its success in industries like digital infrastructure and logistics.

The United Solar project, with a production capacity of 100,000 tonnes, is set to play a pivotal role in Oman’s renewable energy landscape, marking a key milestone in ewpartners' investment strategy in the region. The company is committed to driving regional economic transformation by investing in energy transition supply chains and technologies, reinforcing its presence in key Middle East and North Africa (MENA) markets.

According to the International Energy Agency (IEA), renewable energy investments in the Middle East are projected to hit USD 1.3 trillion by 2030, with solar and wind energy at the forefront. Countries like Saudi Arabia, the UAE, and Oman are leading the region’s efforts to reduce dependence on oil and gas while promoting sustainable development. These initiatives are positioning the region as one of the most promising global markets for renewable energy.

This investment marks the second commitment from ewpartners' Technology Innovation Fund II, following a USD 50 million investment in Lenovo’s supply chain business, Leshines, in November. The firm’s focus on supporting emerging projects with high transformative potential underscores its commitment to accelerating the green energy transition in the region.

Cliff Chau, Managing Partner at ewpartners, commented, “The market potential for green energy in the Middle East is substantial. With projects like the Red Sea Project, UAE Energy Strategy 2050, and Oman’s Ibri II Solar Project targeting cities powered entirely by renewable energy, solar power presents significant growth opportunities for investors. Advancements in energy storage and grid modernization further accelerate this shift.”

Chau added, “Since 2017, ewpartners has successfully created and invested in market leaders across sectors critical to the region’s economic diversification, including logistics and digital infrastructure. Now, we turn our attention to the energy transition sector to help drive the Middle East’s sustainable future. We are thrilled to make this investment and look forward to more in the future.”