According to the research agency MEED, Oman plans to generate $45 billion worth of renewable energy to cut carbon emissions by 50% by 2030. Oman plans to achieve the targets by commissioning large-scale energy projects.
Some of the ongoing energy projects in Oman include:
The project is a 500MG photovoltaics power plant in Ibri, Oman. Shams Ad-Dhahirah Generating Company SAOC is developing the project. The project will supply enough energy from its output to power an estimated 33,000 homes at its peak capacity. The renewable energy project will assist Oman in offsetting 340,000 tonnes of CO2 emissions annually. The approved funding for the project was $60 million, and the project started commercial operations on June 1, 2021.
In 2022, the Oman Environmental Service Holding Company signed an MOU with the Oman Power & Water Procurement (OPWP) Company to build a waste-to-energy (WTE) plant in Barka. The planned project will convert 4,500 tonnes of municipal waste into energy daily to help Oman reduce its carbon footprint by 50 million tonnes over 35 years of landfills. The project will have a power generation capacity of 130-150 MW and is expected to start operations by the end of 2023.
The Dhofar II Wind Power Plant (OPWP) is a 150 MW wind energy project located in the Dhofar region of the Sultanate of Oman. Developed by the Oman Power and Water Procurement Company (OPWP), the project is expected to be completed by 2026. The electricity generated by the Dhofar II Wind Power Plant will be integrated into Oman’s national grid to be distributed and used across the country.
Oman Power and Water Procurement Company (OPWP) awarded Sembcorp Industries (Sembcorp) to build, manage and operate a 500 MW solar power plant in Manah, Oman by 2025. Under the agreement, the company will sell the energy generated through the power plant to OPWP for a period of 20 years.
Oman’s Green Energy Drive
GCC countries seek to expand their energy generation capacities by establishing Independent Power Projects (IPP). Oman has invested heavily in establishing the biggest energy projects to achieve its goal of deriving at least 30% of energy from renewable sources by 2030. These renewable projects will help Oman to achieve its green energy goals in line with Vision 2040.