Oman Solar Power Plant

What is Oman's largest solar power project?

Commercial operations of Oman’s largest utility-scale solar photovoltaic, independent power project, Ibri 2, started in January 2022. Oman Power and Water Procurement Company (OPWP) awarded the project to a consortium of Saudi and Kuwaiti firms, for which Beijing-based Asian Infrastructure Investment Bank (AIIB) loaned $60 million.

When will Oman launch a solar project?

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.

Is Oman a good place to invest in solar power?

The recommendations form part of the “ Oman Solar investment opportunities ” report, the latest work from SolarPower Europe’s Global Markets unit. The report said that Oman’s current electricity mix is primarily based on natural gas, accounting for 96% (38 TWh) of power generation in 2022, compared to solar at 3.8% (1.5 TWh).

What are the objectives of the Oman power project?

The objectives of the Project are to: (a) increase the availability of the renewable power generation capacity and improve the balance between supply and demand during the peak hours in Oman’s Main Interconnected System grid which serves Muscat and northern Oman.

Who owns Wadi Noor Solar power?

The 500MW project is being developed by a consortium of EDF Renewables and Korean Western Power (KOWEPO). Wadi Noor Solar Power company, a special purpose vehicle owned by the consortium, will own, operate and maintain the 500MW solar PV plant. The groundbreaking ceremony for the project was held in September 2023.

Will Oman's solar plant generate enough electricity to power 50,000 homes?

ACWA said the solar plant in Oman's Ad-Dhahirah governorate, which will generate enough electricity to power 50,000 homes, will sell electricity to state-owned utility the Oman Power and Water Procurement Company under a 15-year contract. ACWA did not specify how much the power company would pay for electricity generated at Ibri 2.