Nama Power and Water Procurement (PWP) has signed an agreement for the development of the Sultanate of Oman’s first utility-scale solar and battery storage project with the consortium of Abu Dhabi Future Energy Company PJSC – Masdar, Al Khadra Partners, Korea Midland Power Co. Ltd (KOMIPO), and OQ Alternative Energy (OQAE), Oman’s national champion for renewable energy.
Masdar, a global clean energy leader, will lead the consortium developing the Ibri III Solar Independent Power Project, which combines a 500 MW photovoltaic (PV) plant with a 100-megawatt-hour (MWh) battery energy storage system (BESS). The scope of the project includes design, construction, ownership, financing, operation and maintenance of the plant and storage system.
The Ibri III project is a key element in Oman’s policy to diversify energy resources to meet growing electricity demand, with Oman Vision 2040 including the objective of generating 30 percent of electricity from renewables by 2030. Once operational, Ibri III will produce enough electricity to power around 33,000 homes, while avoiding approximately 505,000 tonnes of carbon dioxide annually.
Shanghai Electric's first solar power plant in Oman, the 500MW Oman Manah-1 Solar IPP Project, has completed one month of smooth operations after passing all assessments and final handover.
Read moreNama Power & Water Procurement (PWP), Oman announces the list of bidders who submitted bids for the development of Ibri III Solar Independent power plant (IPP), in Ibri, a city in the governorate of Ad Dhahirah, in northwestern Oman.
Read moreNama Power and Water Procurement Company SAOC (PWP), Oman announces the launch of the Qualification process for interested developers through the issuance of the Request for Qualification (RFQ) document to develop two combined cycle gas turbines power plants with a total capacity of 2,400 MW to be located in Misfah and Duqm.
Read moreThe consortium comprising EDF Renewables and Korea Western Power Corporation (KOWEPO), announced that it has reached financial close on the 500 MW Manah 1 solar power plant located in the region of Ad Dakhiliyah, in northeastern Oman.
Read moreACME Group has secured a US$488 million loan financing from REC Ltd. for the development and construction of a Green Hydrogen and Green Ammonia project located in Oman.
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