China Photovoltaic Association Visits UAE, Another Popular Photovoltaic Investment?

According to the official WeChat account of the China Photovoltaic Industry Association (CPIA), the China Photovoltaic Industry Association’s delegation to the United Arab Emirates returned with a full load this month. Liu Yiyang, deputy secretary-general of the China Photovoltaic Industry Association, said in an interview with a reporter from the Associated Press that the visit was mainly to discuss China-UAE photovoltaic production capacity cooperation, including the landing of manufacturing companies, how to better promote Chinese products, and how to utilize Use the UAE’s resources to carry out better investments, etc.

Renewable energy, as an important energy structure reform direction, has led to a diversified trend in the global photovoltaic installed market. According to previous statistics from the China Photovoltaic Industry Association, the new GW-level markets in 2022 will mainly be in European countries. By 2023, the number of GW-level markets will increase from 26 to 32, and the number of "Belt and Road" countries will increase, including the United Arab Emirates, Saudi Arabia and other Middle Eastern countries.

Demand from emerging markets such as the Middle East continues to grow. According to statistics from Infolink Consulting, photovoltaic demand in the Middle East will be approximately 20.5GW-23.6GW in 2023, with photovoltaic demand in markets led by Turkey, Saudi Arabia, and the United Arab Emirates increasing significantly.

The growing market demand has attracted the investment attention of Chinese photovoltaic manufacturing companies. According to public information, GCL Technology plans to build a factory in the Middle East, with Saudi Arabia as the main destination. It is expected to build a project with an annual production capacity of 120,000 tons of granular silicon. It plans to put it into operation around 2025, while expanding its overseas market share. , and also help the local transformation from a major oil country to a solar energy producer.

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