Category: Solar Energy

Oman shows how a fossil fuel producer can embrace clean energy

Image Source: The nature conservancy The country is using its existing energy infrastructure to fast-track its green transition. Ahead of the COP28 climate talks in Dubai later this year, the role of oil and gas-producing economies in the clean energy transition is coming into sharp focus. Ensuring that countries – including those that have relied on oil […]
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Some subsidy allocations pared in Oman’s 2024 State Budget

Image Source: Oman Daily Modest cuts have been announced in subsidy allocations across a range of utilities and essential services in the 2024 State Budget of the Sultanate of Oman. This is in line with the government’s commitment to gradually rolling back subsidies – part of its longstanding bid to reduce the budget deficit. Subsidy […]
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Seven project categories eligible for green finance in Oman

Image Source: Oman Ssustainability Week Projects ranging from rail electrification and energy storage systems to offshore wind farms and waste-to-energy schemes are among dozens of initiatives that will qualify for green finance under the Sustainable Finance Framework launched by the Sultanate of Oman last week. The framework, the first of its kind in the Gulf […]
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Pact signed to study potential for solar glass project in Oman

Image Source: Bloomberg Leading Canadian energy materials specialist Homerun Resources Inc has announced the signing of a non-binding Memorandum of Understanding (MoU) with Minerals Development Oman (MDO), the nation’s mining investment flagship, to jointly explore prospects for, among other things, the establishment of a first-of-its-kind solar glass manufacturing project in Oman. As a first step […]
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500 MW Solar Project by EDF Renewables and KOWEPO Secured Financing

Image Source: The Economic Times EDF Renewables and Korea Western Power Corporation (KOWEPO) have secured financing for the Manah 1 project, a 500 MW solar power plant in Oman. Winning the project in response to a tender in September 2022, the consortium inked a power purchase agreement (PPA) with Oman Power and Water Company on […]
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Oman set to issue RFQs for major renewable energy projects

Image Source: Oman Sustainability Week Oman is set to issue Requests for Qualifications (RFQs) for multiple renewable energy projects this year. The plans, announced by Nama Power & Water Procurement Co (PWP), involve four wind-based Independent Power Projects (IPPs), a mid-sized solar PV-based IPP, and a Waste-to-Energy initiative. The projects will be procured through competitive bidding, with RFQs expected […]
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Manah-1 Solar PV Independent Power Plant

Image Source: Oman Observer OBJECTIVE: To increase electricity generation from clean renewable energy resources in the Sultanate of Oman. DESCRIPTION: The Project involves the development, design, engineering, construction, operation, and maintenance of a 500 MWac Manah solar I photovoltaic power plant in the Ad Dakhiliyah region of the Sultanate of Oman. The Project is being […]
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EDF Renewables closes financing on 500MW solar plant in Oman with Korean partner

Image Source: TaiyangNews A consortium of EDF Renewables and Korea Western Power Corporation (KOWEPO) has reached financial close on a 500MW solar PV plant in Oman. The Manah 1 project, located in the Al Dakhiliyah Governorate, is under a 20-year power purchase agreement (PPA) with Oman Power and Water Procurement Company (PWP). Operations are expected […]
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EDF Renewables-KOWEPO Consortium Achieves Financial Closure for Manah 1 Solar PV Project in Oman

Image Source: Linkedin A consortium led by EDF Renewables and Korea Western Power Corporation (KOWEPO) has achieved financial closure for the Manah 1 Solar PV Project, a 500MW solar power plant located in Al Dakhiliyah Governorate, Oman. The milestone, announced in line with COP28, marks a significant step towards the commencement of commercial operations in […]
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