Oman to Award Solar Energy Projects of $777 Mn for Country's Largest Solar Panel Project

• Oman Power as well as Water Procurement Company (OPWP), in charge of acquiring power and water for all IPP/IWPP projects within the Sultanate of Oman, will certainly quickly award solar energy projects to international capitalists.

These projects deserve $777 million and have actually protected approvals from the Authority for Public Services Regulation (APSR)- which cares for electrcitiy regulation.

Oman Power and Water Procurement Company (OPWP), in charge of buying power and also water for all IPP/IWPP projects within the Sultanate of Oman, will quickly award solar energy projects to global financiers. These projects deserve $777 million and also have secured approvals from the Authority for Public Services Regulation (APSR)- which takes care of electrcitiy regulation.

The projects in question, Manah 1 and 2, will with each other create 1,000 MW cumulatvely and also will certainly be developed on a 15 million sq m area within the Governorate of A'Dakhiliyah. The largest photovoltaic panel project for Oman will see the setup of near to 2 million solar panels.

The stated 2 terminals are the 2nd project that will certainly be floated by OPWP focused on the purchase of creating capacity by renewable energy. Building of the projects will kickstart in the third quarter of 2023 while the industrial procedures will start by the middle of 2025.

In the direction of completion of 2022, Oman Power and Water Procurement Company had developed a tender to choose the independent power producers (IPPs) for the advancement of a 500 Megawatt solar energy park. The project has been called 'Ibri III Solar IPP Project.'

The Omani Government has actually intended to add regarding 4 GW of renewables capacity by the end of this decade. The new regulation for rooftop PV, besides energy scale solar projects, that was introduced in 2018 by the government would also assist in achieving the renewables target. The target is to contend the very least 10 per cent of Oman's electricity coming from eco-friendly resources by 2025 as well as subsequently increasing it to 39 per cent by 2040.