Nafath Renewable Energy and Solar Wadi, both based in Muscat, signed a framework deal during Oman Sustainability Week (OSW). Minister of Energy and Minerals, Eng Salim bin Naser al Aufi was present to sign the pact.
The two sides agree to collaborate in the engineering procurement and construction (EPC), of a portfolio of private-wire solar PV plants with an aggregate capacity of approximately 30 megawatt-peak.
Solar Wadi stated in a blog post that “this is the first of a series of 25-30 MWp portfolios projects planned as part of this collaboration between our Omani companies to service the Commercial & Industrial sectors within Oman.”
Each portfolio consists of several private-wire distributed generation solar photovoltaic plants. These plants can be scaled from 1 to 15 MWp, and use different application types (roofs, ground, car-park, wadi, etc.). It stated that a total combined capacity of 25-30 MWp will be achieved.
This announcement demonstrates a growing uptake of mostly solar-based power generation by a variety of industrial, commercial, and agricultural customers. It will help to offset the subsidy-free electricity supply from the grid and to help them meet their sustainability goals.
Solar Wadi claims that the partnership will allow local and international businesses alike to embrace renewable energy in order to increase their competitiveness as well as achieve their environmental goals.
The company also noted that Oman will be able to switch to green energy to help it achieve its goal of sourcing around 40% of its power from renewable sources by 2040.
Solar Wadi is majority owned by Omani shareholders. It was founded by a group consisting of Omani investors, pension funds, and international solar developers.
