Marubeni consortium signs PPA for 105MW solar project in Oman

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

A consortium led by Japanese firm Marubeni Corporation has signed a 23-year power purchase agreement with Petroleum Development Oman (PDO) for the 105MW Amin Solar PV IPP Project.

The consortium also included Oman Oil Facilities Development Company (OOFDC), Bahwan Renewable Energy Company, and Modern Channel Services (MCS). The special purpose company is shared in the following equities: Marubeni 50.1%; OOFDC 30%; Bahwan 10%; and MCS 9.9%. Financing is still being arranged at present.

This project, awarded to the Marubeni consortium last October, is said to be the first large-scale PV plant in Oman.

Marubeni has also had the 2GW Sur Gas Fired Combined Cycle IPP Project operational in Oman since 2014.

Oman Power and Water Procurement Company (OPWP) also revealed in November the three players who have submitted bids for its 500MW solar tender.

Read Next

October 20, 2021
Pharmaceutical giant Pfizer has signed a 310MW virtual power purchase agreement (VPPA) with Texan renewable energy company Vesper Energy under a 15-year agreement.
October 19, 2021
Shortlisted bids in Saudi Arabia’s latest solar tender have jumped significantly on the lowest price recorded in the country’s previous renewables programme, reflecting the hikes in PV equipment costs in recent months.
October 15, 2021
The European Commission (EC) has urged member states to accelerate solar deployment in order to tackle Europe’s rising electricity prices and has released a ‘toolbox’ to address the short-term impact of prices and strengthen resilience against future shocks
October 14, 2021
Europe’s most competitive renewable power purchase agreement (PPA) offers rose 8% quarter-on-quarter as Europe’s worsening energy crisis bites, according to US firm LevelTen Energy’s Q3 2021 PPA Price Index report.
October 14, 2021
Lightsource BP has launched a 300MW solar project in Colorado that will “largely” power a local steel mill in what the company has said is a world's first
September 23, 2021
Arizonan utility Salt River Project (SRP) and renewables company Clēnera have signed a 20-year power purchase agreement (PPA) for the CO Bar Solar project that is expected to deliver between 440-480MW of power

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021