Controversial Polysilicon Investment in Oman: Balancing Innovation and Geopolitics

IFC funds Oman solar project over US objection

The World Bank's International Finance Corporation on Friday approved a loan and investment worth up to $250 million in a polysilicon manufacturing project in Oman for solar power applications, over the objections of the IFC's US executive director, two sources familiar with the board vote said. Three other executive directors on the IFC board abstained from the vote on the United Solar Polysilicon project, including those representing Germany, …

IFC approves Oman polysilicon project loan over US objection

The World Bank's International Finance Corporation on Friday approved a loan and investment worth up to $250 million in a polysilicon manufacturing project in Oman for solar power applications, over the objections of the IFC's U.S. executive director, two sources familiar with the board vote told news agency Reuters. Three other executive directors on the IFC board abstained from the vote on the United Solar Polysilicon project, including those …

Controversial Polysilicon Investment in Oman: Balancing Innovation and Geopolitics

Controversial Polysilicon Investment in Oman: Balancing Innovation and Geopolitics The International Finance Corporation (IFC) has sanctioned financing of up to $250 million for a major polysilicon manufacturing project in Oman, despite US reservations. According to insiders, the project's approval faced abstentions from some European directors, highlighting deep-rooted geopolitical concerns. The project, led by United Solar, plans a substantial…