A consortium led by ACWA Power has started the operation of the 500 MW Ibri 2 solar independent power project in Oman in partnership with the Oman Power and Water Procurement Company (OPWP).
Located in Ad-Dhahirah Governorate, the PV plant was built with an OMR160 million (US$417 million) investment and developed on a build-own-operate basis. The project features almost 1.5 million bi-facial solar panels across an area of around 13 million square meters.
ACWA Power is the lead investor, holding a 50% stake in the project. Gulf Investment Corporation (GIC) holds a 40% stake in the project, with the remaining 10% owned by Alternative Energy Projects (AEPC). At peak capacity, the solar facility will generate enough clean energy to power 50,000 homes while displacing 340,000 tonnes of carbon emissions a year.
