The $400m project is being sponsored by MBM Holdings and will be developed jointly with ERC Singapore. It will be constructed in total area of approximately 250,000 square meters in a yet to be decided location.
Sheikh Al Maktoum, chairman of MBM Holdings, said: “ERC Singapore is our equity and technology partner given their worldwide networks, technical-commercial expertise, existing management team and their ability to plan and execute a project in record time.”
Mr Al Maktoum also added that MBM Solar Holding will form the anchor for supporting other private sector developers in the solar downstream sector. The plant will be build to accommodate incremental production capacity so as to increase production.
