Category: Renewable Energy

Oman Investment Authority ranks second in world in governance, sustainability index

Image Source: Yourstory The report highlights OIA’s commitment to adhering to international norms and principles of governance and transparency practices endorsed by IFSWF Oman Investment Authority (OIA) has secured the second position worldwide in development of governance and sustainability performance index for the period between 2022 and 2023. According to a report by the International […]
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Oman: $800mln pacts inked to operate 2 solar power projects in Manah

Image Source: Energy Intelligence Nama Power and Water Procurement Company signed two agreements on Thursday to the tune of US$800mn with investment consortiums for two independent power projects (IPPs) to produce electricity using renewable energy in the wilayat of Manah in Dakhliyah. The two IPPs – Manah I and Manah II – will have a […]
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Oman Shell’s Blue Hydrogen project to support the energy transition

Image Source: Oman Observer A landmark Blue Hydrogen & Ammonia project being firmed up by Oman Shell for planned implementation at Duqm has the potential to underpin the country’s transition to large-scale adoption of sustainable zero-carbon fuels, such as green hydrogen. Shell recently announced that it had received the support and endorsement of the Ministry […]
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Oman’s largest solar PV project for desalination inaugurated

Image Source: Oman Observer It is the largest solar system for a desalination plant with an annual capacity of over 32,000 MWh of green electricity Eng Salim bin Nasser al Aufi, the Minister of Energy and Minerals, inaugurated the 17-megawatt peak (MWp) solar photovoltaic (PV) farm producing green energy to power the Sharqiyah Desalination Plant in […]
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Oman’s biggest solar power project now remotely operated

Image Source: Grants Assist Oman Electricity Transmission Company (OETC), the owner and operator of the country’s transmission grids, has announced the successful completion of tests to support the remote operation of the Ibri Solar Independent Power Project (IPP). Also known as Ibri II Solar IPP, the 500 MW capacity project is the largest grid-connected utility-scale […]
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Samsung C&T to set up mega Oman green ammonia project

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 […]
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Oman’s wealth fund invests in US-based EV battery start-up

Image Source: ZAWYA The Oman Investment Authority has invested in US-based electric vehicle battery start-up Our Next Energy (One). Oman’s sovereign wealth fund also signed a strategic co-operation agreement with One to identify potential areas of partnership in energy and battery storage in the sultanate, Oman News Agency reported on Wednesday. The financial value of the transaction was […]
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EDF, KOWEPO reach financial close on 500-MW solar project in Oman

Image Source: World-Energy A consortium led by EDF Renewables and Korea Western Power Corporation (KOWEPO) today announced financial close of the 500-MW Manah 1 solar project in Oman. The consortium was awarded the contract to build Manah I in March 2023, and construction of the solar park commenced in September. It is scheduled to begin commercial operation in […]
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Oman’s First Green-Hydrogen-Ready Steel Plant By Vulcan Green Steel Breaks Ground

Image Source: The world economic forum The groundbreaking ceremony for Vulcan Green Steel’s (VGS) plant, Oman’s first green-hydrogen-ready steel project in Duqm, commenced under the leadership of Dr Ali bin Masoud al Sunaidy, Chairman of OPAZ. With an investment of $3 billion, the plant aims to produce 5 million metric tonnes per annum (5 MTPA) […]
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