Chinese power electronics manufacturer Hoymiles has unveiled plans to establish Oman's first dedicated solar inverter manufacturing plant as part of a $100 million consortium agreement.
The partnership was signed with the Oman Investment Authority (OIA), PCG Global, and Greenwill Asset Management, representing an investment value of approximately 38.45 million Omani riyals.
Beyond producing solar inverters for regional distribution, the consortium intends to develop solar installations, distributed solar-plus-storage solutions, and power infrastructure specifically for artificial intelligence data centres.
Hoymiles Sales Head Ethan Shi stated that the planned facility will anchor the firm's localized manufacturing and supply capabilities across the Middle East and North Africa.
Sources
- Solarbytes · 2026-11-10
