PARIS - TotalEnergies (EPA:TTEF) (Paris:TTE) (LSE:TTE) (NYSE:TTE) and OQ Alternative Energy (OQAE) have signed agreements to develop 300 megawatts (MW) of renewable energy projects in Oman. The projects, which include solar and wind power, will supply electricity to Petroleum Development Oman (PDO) under long-term Power Purchase Agreements (PPA).
The collaboration entails the construction of three renewable energy projects: North Solar, a 100 MW solar project in Saih Nihaydah, and two wind projects, Riyah-1 and Riyah-2, each with a capacity of 100 MW, in the Amin and West Nimr fields. The construction is scheduled to commence in early 2025, with electricity production expected to start by late 2026. These projects are projected to generate over 1.4 terawatt-hours (TWh) of renewable electricity annually.
Olivier Jouny, Senior Vice President Renewables at TotalEnergies, expressed enthusiasm for the new step in Oman's energy transition and the company's multi-energy strategy in the country. Dr. Aflah Al Hadhrami, Managing Director of PDO, highlighted the initiatives as part of Oman's commitment to achieving Net Zero emissions by 2050 and aligning with Oman Vision 2040. The projects aim to source 30% of PDO's power capacity from renewables by 2026.
Najla Zuhair Al Jamali, Chief Executive of OQAE, emphasized the significance of the projects in advancing Oman’s transition to sustainable energy and in supporting PDO's decarbonization plans.
TotalEnergies has a longstanding presence in Oman, dating back to 1937, with recent initiatives including the Marsa LNG project and the development of renewables like the solar photovoltaic system in Sur. The company aims to expand its renewable energy capacity to 35 GW by 2025.
The information disclosed in this article is based on a press release statement from TotalEnergies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.