Totalenergies and OQ Alternative Energy have signed agreements to develop 300 MW of renewable energy projects in Oman, in line with their multi-energy strategy. The electricity will be delivered through long-term Power Purchase Agreements to Petroleum Development Oman (PDO).
With 49 and 51 per cent shares, respectively, TotalEnergies and OQAE will lead in realising three renewable projects: North Solar, a 100 MW solar project in Saih Nihaydah, and Riyah-1 and Riyah-2, two 100 MW wind projects in Amin and West Nimr fields.
Construction is expected to begin in early 2025, with electricity production expected in late 2026. These solar and wind projects will generate over 1.4 TWh of renewable electricity annually.
"These projects continue to reshape Oman’s energy landscape by blending technological innovation with environmental stewardship. They also support our aim of sourcing 30 per cent of our power capacity from renewables by 2026, reflecting our dedication to a cleaner, sustainable future", said Dr Aflah Al Hadhrami, Managing Director of PDO.
"Together with our partner OQAE, we are eager to start the construction of these three projects which will provide long-term renewable electricity to PDO while supporting the Sultanate in its energy transition," said Olivier Jouny, Senior Vice President Renewables at TotalEnergies.
"In partnership with PDO and TotalEnergies, OQAE is proud to advance Oman’s transition toward sustainable energy. As an energy transition enabler, we are delighted to lead the development of these projects supporting PDO to achieve their decarbonization plans. This significant milestone underscores the expertise and dedication of all stakeholders involved. As the National Champion for Clean Energy in Oman, OQAE is committed to supporting the nation’s economic growth by developing innovative clean energy and low-carbon projects," stated Najla Al Jamali, Chief Executive of OQ Alternative Energy.