OQAE and TotalEnergies to develop renewable projects in Oman
OQ Alternative Energy (OQAE) has signed agreements with France’s TotalEnergies for the development of 300 MW of renewable energy projects.
Image for illustration purposes.
Oman, Muscat: OQ Alternative Energy (OQAE), Oman’s renewable energy company, has signed agreements with French company TotalEnergies for the development of 300 MW of renewable energy projects. Electricity will be delivered through long-term Power Purchase Agreements (PPA) to Oman’s state-owned exploration and production company Petroleum Development Oman (PDO).
The agreements cover three renewable projects. These are the 100 MW North Solar project in Saih Nihaydah in northern Oman and Riyah-1 and Riyah-2, two 100 MW wind projects in Amin and West Nimr fields in southern Oman that will generate more than 1.4 TWh of renewable electricity annually.
The projects will be owned 49% by TotalEnergies and 51% by OQAE. Construction will start in early 2025, with electricity production expected in late 2026. Oman plans to source 30% of its power capacity from renewables by 2026.
Source: Zawya
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