Oman to use 1-GW Manah solar projects to intl financiers
- Oman Power and Water Procurement Company (OPWP), the sole off-taker of electricity in the Sultanate, has actually been authorized to honor to worldwide investors the Manah 1 and also 2 solar projects with a combined capacity of 1 GW.
The authorization was issued by the country's Authority for Public Services Regulation.
The two solar parks, each with a capacity of 500 MW, will be improved a location of around 15 million sq m in the north Ad Dakhiliyah governorate about 150 km (93.2 mi) southern of the capital Muscat.
The realisation of the plants will certainly include investments of greater than OMR 300 million (USD 779.5 m/EUR 734.5 m).
Building and construction service the projects is slated to begin in the third quarter of this year and also the beginning of industrial procedure is planned for the middle of 2025, the state-owned Oman News Agency ONA said.
Manah 1 as well as 2 are anticipated to produce 6.6% of Oman's power in 2025. The large-scale solar parks will certainly help the country achieve its 2050 carbon neutrality goal as well as boost the share of renewable resource to 30% by 2030 as imagined in the Oman 2040 method.
Greater than a year earlier, Oman inaugurated its very first large-scale solar park-- the 500-MW Ibri II plant situated in the northwestern governorate of Al Dhahirah. On the other hand, the Sultanate is getting ready for the advancement of the 500-MW Ibri III solar energy plant that is intended to go online by the last quarter of 2026.