Wave of new solar power projects on anvil in Oman
Estimated to cost in the range of $200 – 250 million, this solar PV scheme is expected to be operational by Q1 2028. Not included in the latest portfolio of new Solar IPPs is
Solar energy is a viable option in Oman given the vast unused land and available solar energy resources. It could not only cater to the growing need for energy diversification but also help in economic diversification in Oman.
SolarPower Europe said the country will need to install a minimum of 13 GW of solar in total by 2030 to meet its target. It noted that Oman's utility-scale PV capacity stood at 0.5 GW in 2022, thanks to the 500 MW Ibri II solar plant, developed by ACWA Power. The project started commercial operations in August 2021.
In January 2024, Oman launched a public tender for another 500 MW solar project, Ibri Solar III, with commercial operations due to begin in the fourth quarter of 2026. Public tenders are expected for three new solar projects and five wind projects between 2025 and 2029.
SolarPower Europe has urged Oman to pursue greater integration of renewable energy, liberalize its market structure, and optimize grid infrastructure to meet its ambitious net-zero targets. The recommendations form part of the “ Oman Solar investment opportunities ” report, the latest work from SolarPower Europe's Global Markets unit.
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