EDF Renewables closes financing on 500MW solar plant in Oman with Korean partner

Facebook
Twitter
LinkedIn
Reddit
Email
The Manah 1 project is under a 20-year power purchase agreement (PPA) with Oman Power and Water Procurement Company (PWP). Image: EDF Renewables

A consortium of EDF Renewables and Korea Western Power Corporation (KOWEPO) has reached financial close on a 500MW solar PV plant in Oman.

The Manah 1 project, located in the Al Dakhiliyah Governorate, is under a 20-year power purchase agreement (PPA) with Oman Power and Water Procurement Company (PWP). Operations are expected in the first quarter of 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Over one million bifacial PV modules will be deployed at the site on single-axis trackers.

Financing was secured from French, Korean and Omani lenders the Export-Import Bank of Korea, European bank Société Générale and Oman Bank Muscat through equity and loan schemes. The consortium did not disclose the sum of the financing.

Olivier Bordes, CEO of Middle East at EDF Renewables, said: “This first for the consortium large-scale renewable installation in the country is perfectly in line with the EDF Group commitment to triple the renewable energy net capacity in operation worldwide, between 2023 and 2030.”

EDF Renewables is already active in the Middle East. In November, it signed a PPA with the Saudi Power Procurement Company for the massive 1.1GW Al Henakiyah Solar Plant. The project – located in Saudi Arabia – is the product of a consortium between EDF and the UAE state-owned renewables developer Masdar. The company was announced in July as one of the final four companies in consideration to contract the proposed 1.5GW Al Ajban project from the Emirates Water and Electricity Company (EWEC).

The company has also been active in the US, another of the leading world PV markets alongside the Middle East. Its US arm signed a joint venture with Canadian energy company Enbridge to develop the 577MW Fox Squirrel solar project in Ohio, and in late November it completed construction on the 275MW Arrow Canyon site in Nevada.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

July 16, 2025
Planning uncertainty and policy instability regarding renewables in Queensland have seen it slip in investment attractiveness, with New South Wales now leading Australia.
July 15, 2025
Australia’s Department of Climate Change, Energy, the Environment and Water (DCCEEW) has announced plans to run four new Capacity Investment Scheme (CIS) tenders by the end of 2025.
July 15, 2025
Malaysian utility company Tenaga Nasional Berhad has officially launched a floating solar pilot project, which could help unlock 2.2GW of generation capacity.
July 15, 2025
Ingeteam has expanded its footprint in Australia by announcing it will supply the 243MWp Maryvale Solar and Energy Storage Project in New South Wales.
July 14, 2025
Australian renewables developer Edify Energy has submitted plans for a 300MWac solar-plus-storage site in Victoria to Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.
July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK