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According to the latest report, Oman was ranked 3rd in the renewable energy transition in the Middle East and North Africa (MENA) region, 15th within emerging economies, and 38th in the world.
The report gathered information on 136 global markets out of which 29 were developed countries and 107 were emerging markets. In MENA, UAE was 6th, Saudi Arabia was 16th, Qatar was 36th, and Kuwait was 47th. Bahrain was not included. The top 5 nations were Namibia, Jordan, Nigeria, Oman, and South Africa.
Oman is working on adopting new strategies to use renewable energy and reduce carbon emissions. Oman launched its Oman Vision 2040 which aims to reach 39% of the total energy supply by 2040.
Recently, ACWA Power launched Ibri Solar Power Project in Oman which is the largest renewable energy project. Ibri 2 PV IPP comprises approximately 1.5 million bi-facial solar panels and extends over an area of 13 million square metres.
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