Oman has confirmed a competitive tender for a 500MW PV project.
The development will be run on a build, own, operate basis following the independent power producer (IPP) model that has been successful in other regional markets. Private investment of around US$500 million is being sought.
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
The site is in Ibri, 300km west of the capital Muscat.
The Oman Power and Water Procurement Company (OPWP) is aiming to award the contract in Q4 2018 with completion targeted for 2021.
“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,” said Hamdan Ali Al Hinai, chairman, OPWP.
The IPP model has driven extremely low contracted power prices in Saudi Arabia and the UAE.
Oman is also assessing its potential for wind power with the development of a wind atlas and has also begun initial investigations into waste to energy projects.
