Maysun Solar has become the first photovoltaic panel producer to set up a manufacturing facility in Dubai's Jebel Ali Free Zone (Jafza).
Maysun Solar currently manufactures 5,000 solar panels a month with a capacity to generate 40 megawatts of electricity.
The company said it plans to raise production capacity to 200 megawatts over the next three years.
The launch follows DP World's on-going solar energy project in Jafza and Mina Rashid Port involving the installation of 88,000 rooftop solar panels as part of its efforts to reduce carbon emissions.
Maysun Solar manufactures and exports its solar panels to the world as ‘Made in UAE’, with 30 percent of its orders coming from European markets, especially Germany and Poland, with 10 percent from the Saudi market.
The company said it is looking to expand its sales in the local market and has already obtained accreditation from the Dubai Water and Electricity Authority (DEWA) to become a certified supplier of solar panels.
Sultan Ahmed bin Sulayem, group chairman and CEO, DP World, said: “The history of the UAE has been shaped by the vision of its leaders. This project represents another step towards transforming this vision into reality and integrating with the DP World Solar Programme, the largest and most ambitious roof-top solar energy project in the Middle East.
“DP World is committed to supporting sustainable business activities and building a green economy for future generations through such programmes and by providing an ideal investment environment that encourages renewable energy companies to innovate, research and develop.”
Sai Xuezhao, general manager of Maysun Solar, added: "We intend to transfer all our operations and investments to Jafza over the coming years, raising investment in Dubai from $5 million to $10 million, as we are currently running at full capacity and have orders in hand for production up to November this year.”For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.