Oman moves forward on new 500-MW solar project
Oman 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.
Recent Posts
TotalEnergies, ConocoPhillips reach first oil at Norway project
TotalEnergies and ConocoPhillips have reached first oil production at the North Sea's USD 1 Read More
Equinor takes 45% stake in lithium projects in Arkansas, Texas
Equinor has acquired a 45% stake in two lithium project companies in the USA from Standard Lithium, the Norwegian energy… Read More
Seadrill wins $118-million drillship commitments
Seadrill has been awarded two drillship contracts in South Korea and the US Gulf of Mexico worth a total value… Read More
Namibia gets $138.5-million boost for renewables vision
The World Bank has granted Namibia a $138 Read More
PetroVietnam’s exploration arm announces oil finds
PetroVietnam exploration arm PVEP has announced two oil finds with combined initial reserves of 100 Read More
Mozambique’s Coral Sul FLNG passes performance test
Air Products’s LNG liquefaction equipment deployed on Coral Sul FLNG in Mozambique has successfully passed its performance test, Air Products… Read More