DSO to host $29.9mn manufacturing facility
Chang Zhou Almaden Ltd's 15,000m2 factory will be complete in Q1 2015
Dubai Silicon Oasis Authority (DSOA) has signed an agreement with Chang Zhou Almaden Ltd., one of the world's largest producers of photovoltaic anti-reflective coated glass, to host its new $29.9mn (AED110mn) manufacturing and training facility at the integrated free zone technology park.
The 15,000m2 factory is designed to produce up to 400,000 PV panels every year, and is set for completion in Q1 2015.
The facility will additionally host a state-of-the-art training centre that will target raising awareness on green energy and sustainable solutions for the MENA region.
The agreement was signed by Dr. Mohammad Alzarooni, vice chairman & CEO of Dubai Silicon Oasis Authority, and Jinxi Lin, chairman of Chang Zhou Almaden during GITEX Technology Week 2014.
Dr. Alzarooni, said: "The Middle East is rapidly gaining international attention as an emerging market for solar energy. This has led to high uptake for innovative technologies. Dubai offers an international platform with comprehensive regional reach, providing Almaden the perfect location to establish its regional manufacturing facility."
At the DSO plant, Almaden will produce specialised super thin dual glass PV panels to suit the desert climate, especially for residential buildings, car parking areas, green houses, roof tops and solar farms.