Oman moves forward on new 500-MW solar project

Oman moves forward on new 500-MW solar project

MUSCAT, October 31, 2022 – Oman Power and Water Procurement Company has begun the procurement process for the proposed 500-MW Ibri III solar project, the state-owned procurement entity announced on Friday.

The new independent power project will be built in Al Dhahirah governorate adjacent to the existing 500-MW Ibri II solar facility.


The Ibri III plant is expected to come on line in Q4 2026.

The projected cost of the new facility was not disclosed.

The USD 401-million Ibri II project began operations in January 2022. It was built by Shams Ad-Dhahira Generating Company, a consortium consisting of Saudi Arabia’s ACWA Power with a 50% stake, Gulf Investment Corporation with a 40% stake and Kuwait-based Alternative Energy Projects Company with the remaining stake.

Oman plans to up its renewables capacity from its current 550 MW to 3.34 GW by 2027.

Read our latest insights on: