Ink landmark renewable energy and energy storage agreements
During the official visit of a high-level delegation from the Sultanate of Oman to France, three strategic agreements were signed in Paris in the presence of HM Sultan Haitham Bin Tarik Al Said, Sultan of the Sultanate of Oman, and the French President, Emmanuel Macron.
The agreements mark a significant milestone in the strengthening of economic growth and energy cooperation between Oman and France, while supporting Oman’s ambitious energy transition agenda, and long-term sustainable development objectives.
The 2,000 MW Jabal Abyad PHES Project, to be developed in partnership with EDF power solutions, Oman National Engineering and Investment Co (ONEIC), TAKHZEEN Oman and Green Universe Enterprise (GUE) alongside Oman’s Authority for Public Services Regulation (APSR), would be the largest pumped hydro energy storage project in the Middle East.
Located in the vicinity of the Wadi Dayqah Dam, the project will provide long term energy storage capacity, playing a critical role in enhancing grid stability and enabling higher penetration of renewable energy sources across Oman.
IPP
The 500 MW Al Kamil Solar PV Independent Power Project (IPP) will be financed, built and operated by a consortium comprising EDF power solutions, ONEIC and OQ Alternative Energy (OQAE) alongside Oman Power and Water Procurement Company.
The project represents another important step towards increasing the share of renewable energy in Oman’s electricity mix and supporting the country’s growing demand for reliable, affordable and clean electricity.
In parallel, the Government of the Sultanate of Oman, EDF power solutions and Synergy Investments signed a Memorandum of Understanding to cooperate on the development of a 1,000 MW sustainable digital infrastructure platform supporting the positioning of the Sultanate of Oman as a regional strategic hub for artificial intelligence, advanced computing and cloud services.
Strategic relationship
“Today’s signing reflects the strength of the strategic relationship between France and the Sultanate of Oman, as well as our shared ambition to accelerate the energy transition. These projects will support the country’s long-term energy objectives while creating lasting economic and social value for future generations,” explained Béatrice Buffon, Chief Executive Officer, EDF Power Solutions.
“Al Kamil Solar IPP is a key addition to Oman’s clean energy portfolio, advancing Nama Power and Water Procurement commitment to delivering reliable, competitive, and low-carbon power. This project strengthens private sector participation, enhances Sultanate of Oman’s investment attractiveness, and reinforces the role of renewable energy in supporting sustainable economic development and environmental responsibility,” asserted Ahmed Bin Salim Al Abri, Chief Executive Officer, Nama PWP.
Solar, wind and energy storage projects
“The 500 MW Al Kamil Solar PV Independent Power Project (IPP) builds on a series of solar, wind, and energy storage projects developed by OQAE, demonstrating our continued commitment to advancing Oman’s energy transition as the National Champion for Renewable Energy. This Power Purchase Agreement (PPA) represent another important step in translating Oman’s clean energy ambitions into tangible projects that strengthen energy security, accelerate economic diversification, and create long-term national value,” noted Kumail Said, Acting Chief Executive Officer, OQAE.
In addition, the agreements establish the framework for detailed technical studies, project development activities, and continued collaboration among all parties to advance the projects towards implementation.
They reflect a shared commitment to supporting Oman’s clean energy transition while contributing to the Sultanate’s economic diversification, innovation, and sustainable growth objectives under Oman Vision 2040, a press notification concluded.
