Image Source: CNBC The Sultanate of Oman, renowned for its onshore renewable energy initiatives, also possesses significant offshore wind resources that remain largely untapped. While the region has primarily focused on solar power development, the Global Wind Energy Council (GWEC) has identified Oman as one of the countries in the Middle East and North Africa […]
Image Source: Times of Oman Nama Power and Water Procurement Company, Oman’s exclusive procurer of electricity and desalination projects, has entered into new long-term agreements with four existing power and water plants. This strategic move aims to ensure a stable supply of essential utilities while driving investment in the sector. The agreements, secured following a […]
Image Source: Times of Oman Sun Power for Sustainable Steel: Shell’s pioneering Qabas solar project in Oman is making waves in the Middle East. This 25-megawatt solar power plant, the first of its kind for the region, is powering a local ferrochrome smelting company, Al Tamman Indsil Ferrochrome (ATIFC). A Win-Win for Industry and Environment: […]
Image Source: ECOVIS International Nama Power and Water Procurement Company has unveiled the prequalified applicants for the development of the Ibri III Solar Independent Power Producer (IPP) project, marking a significant step in Oman’s renewable energy ambitions. With a project capacity of 500 MW and an estimated investment of Omani Riyal 155 million, this initiative […]
Image Source: PV Europe SolarPower Europe’s latest report, “Exploring Solar Investment Opportunities in Oman,” shines a light on the country’s promising solar energy sector. This comprehensive guide is designed to attract international investors and unlock Oman’s full solar potential. Investor’s Guide to Oman’s Sun: The report provides in-depth analysis of Oman’s business environment, economic trends, […]
Image Source: ShareAmerica The Oman Convention and Exhibition Centre (OCEC) has taken a significant step towards becoming a leader in sustainable event hosting. They have signed an agreement with TotalEnergies Renewables Distributed Generation Middle East & Africa (DG MEA) to install a massive rooftop solar photovoltaic (PV) system. This 4.6-megawatt-peak (MWp) solar project is expected […]
Image Source: menafn HE Salim bin Nasser al Aufi (pictured), Minister of Energy and Minerals, has confirmed that Oman is on track to produce no less than 30% of electricity from renewable sources by 2030. In a statement to Oman News Agency, he said that efforts are underway in the oil and gas sectors to […]
Image Source: ifec.org.hk Oman unveiled late on Wednesday a sustainable finance framework to help the Gulf country reduce its reliance on fossil fuels and attract environmental, social and governance investors. Under the initiative, Oman plans to issue financial instruments like green, social and sustainability bonds as well as loans and sukuk — bonds that comply […]
Image Source: Oman Times The Omani government has announced plans to progress the implementation of as many as 11 sizable projects and initiatives under its strategic Public-Private Partnership (PPP) programme during 2024. The projects in question, outlined in the 2024 State Budget, span several sectors, including Transport & Logistics, Health, Education, Agriculture and Fisheries, Construction, […]
Image Source: TaiyangNews South Korea’s Samsung C&T Corp. is collaborating with leading multinational companies – Japan’s Marubeni Corporation and Oman’s state-owned energy company OQ – for a large-scale green ammonia project, SalalaH2, in the sultanate, reported The Pulse news portal. A mega project, SalalaH2 aims to produce 1 million tonnes of green ammonia annually within […]