Mulk Holdings is working on a research and development facility for solar panels and has begun manufacturing its prototype of a solar panel, made of aluminum rather than the traditional glass to bring down the panel’s weight component.
The UAE is the largest market for solar energy right now, Shaji Ul Mulk, chairman of Mulk Holdings said, mentioning the $8 billion Masdar, the zero-carbon city project by the Abu Dhabi Government.
Shaji added that other emirates are also seeking to increase their capacity of solar energy, including Dubai, which supplies sustainable opportunities in this market.
Additionally, Mulk Holdings is also opening up another facility for aluminum composite panel production, at an investment of AED100 million.
