ACWA-led Kuwaiti consortium wins 500MW Oman solar tender

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

A consortium led by Saudi Arabia’s ACWA Power has won a 500MW solar tender in Oman.

The contract to develop the Ibri II solar plant was awarded to ACWA and Kuwait’s Gulf Investment Corporation and Alternative Energy Projects Co. They beat two consortiums led by Japan’s Marubeni and Abu Dhabi’s Masdar.

The result of the tender process was announced by the Oman Power and Water Procurement Company (OPWP). Oman’s state news agency quoted OPWP CEO Yaqoob bin Saif al-Kiyumi calling the bids globally competitive.

Speaking at the time of the launch of the tender Hamdan Ali Al Hinai, chairman, OPWP said: “The project will be the first in the chain of renewables projects that the company is planning to develop in the coming few years to support the sustainability approach of the country.”

The winning consortium will build, own and operate the plant. Completion is expected in June 2021.

The government is hoping to complete another 500MW of capacity in Ibri in each of the three years after 2021. Together with three other IPPs, OPWP hopes to add a total of 5GW of solar capacity by the end of 2024.

Source: CC/Robert Haandrikman.
6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.

Read Next

PV Tech Premium
September 24, 2021
Concerns have been raised that new measures introduced by Spain’s government to limit windfall profits of renewable energy plants could dent investor confidence and impact the stability of the country’s solar sector.
September 23, 2021
A project that bids to combine up to 20GW of solar PV with the world’s largest energy storage battery and a 4,200km-long subsea power cable has moved a step forward after Indonesian authorities greenlit its proposed transmission cable route.
September 17, 2021
BP, Abu Dhabi National Oil Company (ADNOC) and Masdar have partnered up to develop low carbon hydrogen hubs and create decarbonised air travel corridors between the UK and UAE in a deal that will see “billions” of dollars of investment.
September 16, 2021
Energy engineering firm Babcock & Wilcox is to enter the US solar market through the acquisition of a majority stake in Illinois-based solar contractor Fosler Construction.
September 16, 2021
North American module manufacturer Silfab Solar has received an investment led by private equity firm ARC Financial Corp to help scale up its US PV production footprint.
September 14, 2021
Polish renewables developer PAD-RES is to be acquired by a joint venture established by real estate investor Kajima and private equity firm Griffin Real Estate.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021
Solar Media Events
October 19, 2021
Solar Media Events
December 1, 2021