Oman approves FDI in two solar projects

Oman has granted Oman Power and Water Procurement Company the rights to allow international investment in two solar power projects, the Authority for Public Services Regulation announced on Thursday.

The Manah 1 and Manah 2 projects will produce 500 MW each from more than 2 million solar panels, approximately 6.6% of total electricity generation in Oman planned by 2025.

Construction works are expected to begin in Q3 2023, with commercial operations set for 2025.

The developments will be located in Manah in the Al Dakhiliyah governorate on land of around 15-million square metres.

They are considered to be worth more than USD 775 million.

Oman intends to produce 30% of its electricity from renewables by 2030 and achieve net zero carbon dioxide emissions by 2050.

Recent Posts

Wood wins TotalEnergies North Sea flare recovery work

UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More

7 hours ago

Shelf Drilling wins $54-million North Sea contract

Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More

1 day ago

In new agrivoltaics vision, Australia solar farm integrates sheep

A 720-MW Australian solar farm is pioneering a model of agrivoltaics with livestock integration by playing host to more than… Read More

2 days ago

Sapura wins underwater services contract in Malaysia

Malaysia’s Sapura Energy has been awarded a five-year contract from Thailand’s PTTEP to conduct Pan Malaysia subsea services for Petronas… Read More

2 days ago

Qatar strikes $6-billion deal with China shipyard for LNG carriers

QatarEnergy has struck a USD 6-billion deal with the China State Shipbuilding Corporation (CSSC) to build 18 of the largest… Read More

3 days ago

This website uses cookies.