Industry News
Hoymiles Partners with Oman Investment Authority on $100M Inverter Base
Chinese solar technology company Hoymiles has signed a strategic cooperation framework with the Oman Investment Authority, PCG Global, and Greenway Asset Management involving approximately $100 million. The agreement outlines plans to set up a solar inverter production base in Oman alongside the Oman New Energy Ecological Cooperation Fund. The initiative is intended to serve Middle East and North Africa regional demand and advance Oman's goal of generating 30 percent of its electricity from renewable sources by 2030.
