Oman inaugurates 500 MW Ibri II solar park
- Oman is inaugurating today the 500-MWac Ibri II photovoltaic (PV) park in the northwestern governorate of Al Dhahirah, which stood for an investment of regarding OMR 155 million (USD 403.1 m/EUR 356m).
The solar complex will be launched by Oman's priest of indoor Sayyid Hamoud bin Faisal al Busaidi, neighborhood media have actually reported.
The electrical power from the park is fed into the public grid under a 15-year power acquisition agreement (PPA) with Oman Power and also Water Procurement Company (OPWPC). At height capability, the complicated will produce enough power to provide 33,000 houses and offset 340,000 tonnes of carbon exhausts annually. Located around 300 km (186.4 mi) west of the funding Muscat, Ibri-II is the second grid-connected renewable resource park in the Sultanate after the 50-MW Dhofar wind park that went on the internet in 2019.
The project is 50% possessed by Saudi Arabia's ACWA Power (TADAWUL:2082) with the Gulf Investment Corporation holding 40% and the Alternative Energy Projects Co controlling the remaining 10%.
The Ibri II project supports Oman Vision 2040 and stands for a transforming point for other renewable energy projects. OPWPC is currently servicing two solar plants of a mixed 1,000 MW in the Al Dakhiliyah governorate along with wind projects in the Ash Sharqiyah and Al Wusta governorates, OPWPC's president Yaqoob Saif al Kiyumi informed state-owned Oman News Agency ONA.