With Petroleum Development Oman (PDO) as its sole offtaker, the 100MW project in Amin, Oman, is said to be the world's first utility-scale PV project to have an oil and gas company as the sole wholesale buyer of power.
French power giant Total has signed an agreement with the controlling shareholders of another France-based power firm Direct Energie to acquire a 74.33% stake in the company for roughly €1.4 billion.
Shell has suggested it will become the next major oil firm to enter the new build solar market after it was reported over the weekend that the Dutch giant plans to build solar farms in Britain.
Solar companies will have to find a strategic sweet spot in which to operate as big oil majors return to the sector, a panel of operators has concluded.
