Energy Omani solar plant secures $302m funding By Pramod Kumar December 10, 2023, 5:53 AM Pexels/Los Muertos Crew Manah-1 Solar IPP will provide clean energy to power an estimated 50,000 homes, while offsetting over 780,000 tonnes of CO2 per year A 500 megawatt (MW) solar project in Oman has secured $301.8 million in funding from a group of international financial institutions. The Manah-1 Solar IPP is being built in Manah, located in Oman’s Al Dakhiliyah governorate, Oman Daily Observer reported. Wadi Noor Solar Power Company is developing the project, which is a partnership between France’s EDF Renewables and Korea Western Power Co (KOWEPO), a wholly-owned subsidiary of Korea Electric Power Corporation. The report said Societe Generale, the Export-Import Bank of Korea, and Bank Muscat have provided the funding. Work started on Manah 1 Solar IPP in September, with nearly one million bifacial photovoltaic modules on a single-axis tracker system that will be installed on a 7.8 sq km site. At total capacity, the project will provide clean energy to power an estimated 50,000 homes, while offsetting over 780,000 tonnes of CO2 per year. The 500 MW Manah 2 Solar IPP is also under construction, the newspaper said. The project is being developed by Sembcorp Jinko Shine Company, a project company set up by Singapore-based Sembcorp Industries and China’s Jinko Power Technology. The two solar projects will be operational by 2025. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
