Amarenco is an anchor shareholder of Solar Wadi – one of the first independent Omani power companies that invests in, builds and operates renewable energy power plants.
Solar Wadi, Madayn and Mubadrah signed an agreement to build a 100MW solar PV farm in Sohar Industrial City (SIC) to be implemented by next year.
The company plans to develop a combined capacity of circa 1 GW of solar PV energy plants across Oman, according to Yazan Faouri, CEO of Solar Wadi.
“This project represents a strategic investment for Solar Wadi and is only the first in a number of investments planned for the Omani market which is targeted at a combined capacity of circa 1GW of solar PV energy plants across the Sultanate,” said Faouri.
“With investments being made mainly in Madayn Renewable Energy Project initiative over all industrial cities and free zones under Madayn umbrella, along with a significant number of other Solar plants being developed for the wider C&I companies and governmental entities across a wide range of business sectors in the Omani Economy,” he added.
He further stated “The aim of this initiative and collaboration is to enable us to work together in our combined efforts to deliver a sustainable, ecological, more economical, and socially conscious power solution for all Tenants at Sohar Industrial City from a Renewable Solar Energy source, in so doing contributing to the ambitions and goals of the Omani Governments and Oman Vision 2040.”