Almaden to build PV glass manufacturing facility in UAE with annual production capacity of 500,000 tons

By Carrie Xiao
Facebook
Twitter
LinkedIn
Reddit
Email
An Almaden facility.
Almaden plans to invest US$240 million into the facility. Image: Almaden, via LinkedIn.

Chinese PV glass manufacturer company Almaden has announced plans to establish a wholly-owned subsidiary in the United Arab Emirates, via its existing subsidiary Almaden (MENA).

The new subsidiary, Almaden Glass Industry Co., Ltd., will operate a PV glass production line with an annual output of 500,000 tons, compressing glass furnaces and supporting deep-processing production lines, with a total planned investment of US$240 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The announcement noted that with considerable competition in domestic PV glass manufacturing and product prices dropping, an increasing number of PV flass manufacturers are investing into overseas production.

Almaden stated that this overseas capacity investment is in line with the company’s global development strategy. The project will cater to markets in the Middle East, Europe, the Americas and South Asia, thereby streamlining Almaden’s overseas PV glass production capacity and promoting its international business growth. 

On the same day, Almaden released its 2024 annual report. For the reporting period, the company generated operating revenue of RMB2.893 billion (US$400 million), representing a year-on-year decrease of 20.27%, and suffered a net loss of RMB127 million, marking a year-on-year decline of 251.81%.

Regarding product performance, the company’s PV glass sales increased by 3.68%. However, the PV industry encountered multiple challenges, as prices across all product segments plummeted, forcing the entire sector into a period of profound adjustment.

In the face of these harsh conditions, Almaden stated that it had adjusted its business strategy to focus on its core PV glass and electronic glass operations. Simultaneously, the company will actively pursue overseas market expansion as part of its strategic plan. 

PV Tech has previously reported on PV projects in the Middle East. Besides Almaden, numerous Chinese PV companies, including GCL Tech, JinkoSolar, TCL Zhonghuan, JA Solar and Arctech Solar, have already invested in and established factories in the Middle East. These investments cover segments of the PV industry chain, such as silicon materials, wafers, cells, modules, and mounting structures, effectively forming a closed-loop system.

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
7 April 2026
Dubai World Trade Centre, UAE
Intersolar Middle East and Middle East Energy are coming together to present the mega energy event for the MENA region. From April 7–9, 2026, Dubai World Trade Centre will host Intersolar Middle East Exhibition and Conference alongside the 50th Middle East Energy. Intersolar Middle East focusses on the areas of photovoltaics, PV production technologies, and energy storage systems. The combined event expects to attract more than 45,000 trade visitors from around the world and feature 1,900+ exhibitors.

Read Next

October 7, 2025
Solar PV will account for almost 80% of the 4.6TW of new renewable power expected to be added by 2030, according to the International Energy Agency (IEA).
October 6, 2025
Indian infrastructure company focused on rooftop and ground-based solar power installations, PVV Infra has secured solar power orders worth INR7.9 billion (US$90 million) through two of its subsidiaries. 
October 6, 2025
Indian solar developer ACME Group has established a new subsidiary to manage its renewable equipment manufacturing business, under which it is planning to scale production of TOPCon PV modules.
October 3, 2025
Chinese government policies and supply-side production cuts will drive a significant increase in solar and storage component costs.
October 1, 2025
Adding 32GW of new solar to Thailand’s power generation deployment targets could cut power generation costs by as much as US$1.8 billion.
Premium
September 30, 2025
VDE Americas' David Devir looks at the origins of the supersized PV glass problem and considers how the industry can return to reliability.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK