Omani solar plant secures $302m funding

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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.