Abu Dhabi-based clean energy company, Masdar, has identified investment potential in Oman – the firm has signed an engineering, procurement and construction (EPC) contract with a global consortium to build a 50MW wind power project.
Gulf Business news reported that once the plant reaches full operation, it is expected to supply power to an estimated 16,000 homes and offset 110,000 tonnes of carbon dioxide emissions a year.
Oman to house first large-scale wind farm in GCC
The project is the first large-scale wind farm set to be developed in the Gulf Cooperation Council (GCC), media explains.
Gulf Business reported: “The consortium set to undertake the contract includes GE and Spain’s TSK. GE will lead the EPC consortium, and will provide the project’s 13 wind turbines powered by its 3.8MW wind turbine generator solution.
“TSK will support the consortium partners with the construction of the balance of plant.”
The plant is being jointly developed by Masdar and the Rural Areas Electricity Company of Oman (RAECO), and the Abu Dhabi Fund for Development (ADFD) will be providing financial support.
Mohamed Jameel Al Ramahi, CEO of Masdar, said: “Oman has immense untapped potential in renewable energy, particularly in solar and wind.
“The Dhofar wind power project will play an important role in supporting the diversification of Oman’s energy mix, while providing a reliable source of clean power to serve its growing population and economy.”
Oman energy mix
Currently, Oman’s deployment of renewable energy does not exceed 1%, with natural gas accounting for 97% of fuel used for power generation, according to estimates, Gulf Business reported.
Media cited a recent report by MEED, which states that an estimated $200 billion worth of investment is needed by countries in the Middle East and North Africa (MENA) region for developing renewable energy projects that are in different stages of design and study.
MENA region proves favourable
“Egypt, Jordan and Morocco are the three key markets in the Mena [Middle East and North Africa] region that Masdar is looking into very carefully for investment. There is plenty of potential in these countries for both solar and wind,” Masdar chief executive officer, Dr Ahmad Belhoul, said in a statement last year.
He added: “Demand for energy is expected to double in the region by 2030. The majority will come from renewable energy. It makes sense for us to double our portfolio in the next ten years. We will be a big player in the market.
“The Middle East is blessed with [a] lot of sunshine and there has been [a] lot of focus on solar power. However, there are also countries that have considerable wind power resources.
“The price of wind technology has gone down by 30% in the last five years and the governments are becoming more serious about wind energy.” Read more…
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