As the world shifts towards renewable energy, Oman is also taking steps to reduce its dependence on non-renewable sources of energy. One of the most promising forms of renewable energy in Oman is solar power, with several large-scale solar PV projects already underway.
In this article, we’ll take a closer look at solar PV projects in Oman, including their current status, benefits, and opportunities for investors.
Oman has already made significant progress in harnessing the power of the sun. The 105 MW Amin Solar PV project, located in the southern region of Amin, is one of the largest utility-scale solar PV projects in the region. Developed by Saudi Arabia’s ACWA Power, the project is expected to supply electricity to around 15% of Oman’s population.
In addition to the Amin Solar PV project, several other solar PV projects are currently underway in Oman. The 1 GW Ibri II solar PV project is currently under construction and is expected to be completed by 2024. Other planned solar PV projects include the 500 MW Manah Solar I and 1 GW Manah Solar II projects, which have been tendered by Oman Power and Water Procurement Company (OPWP).
Benefits of Solar PV Projects in Oman
Solar PV projects in Oman offer a range of benefits, both for the environment and the economy. Here are some of the key advantages:
Solar PV projects are a clean and sustainable source of energy, producing electricity without emitting greenhouse gases or other harmful pollutants. This helps to reduce Oman’s carbon footprint and improve air quality.
By diversifying its energy mix, Oman can reduce its dependence on non-renewable sources of energy and improve its energy security. This can help to mitigate the risks associated with global oil price fluctuations.
Solar PV projects can provide significant economic benefits for Oman, including job creation, local procurement, and technology transfer. In addition, solar PV projects can attract foreign investment and support the development of local industries and supply chains.
Solar PV projects in Oman offer a range of benefits for both the environment and the economy. With several large-scale projects already underway and more planned for the future, there are plenty of opportunities for investors to participate in Oman’s transition towards renewable energy. By investing in solar PV projects, Oman can reduce its reliance on non-renewable sources of energy, improve its energy security, and contribute to a more sustainable future.