Nama Power and Water Procurement (PWP) has entered into an agreement with an international consortium led by Masdar and comprised of Al Khadra Partners, KOMIPO and OQ Alternative Energy, for the development of the first solar battery project in the world. first large-scale battery solar project large-scale battery solar project in the country.
Solar plant and energy sustainability
The initiative, known as Ibri III, involves the construction and operation of a solar photovoltaic plant solar photovoltaic plant plant integrated with a 100 megawatt-hour (MWh) battery storage system (BESS). This project is established as part of Oman’s as part of Oman’s objectives to diversify to diversify its energy matrix under the Oman Vision 2040.
The project seeks to contribute up to an additional 4% of renewable energy to the national power grid and will avoid the emission of approximately 505,000 tons of CO₂ per year. It will also cover the energy needs of some 33,000 households, consolidating the sultanate’s commitment to an energy transition aligned with net zero emissions targets by 2050.
An international collaborative approach
The agreement includes the design, financing, construction, ownership and maintenance of the infrastructure, with the participation of key partners from the United Arab Emirates, South Korea and Oman. This public-private partnership structure is a strategic component to attract foreign investment and foster innovation in energy technologies. innovation in energy technologies.
With an investment of approximately 115 million Omani rials, the project includes a local value strategy (LVC) to involve small and medium-sized Omani companies. This approach is expected to generate employment and strengthen the country’s industrial ecosystem in the clean energy sector.
Nama PWP plans to incorporate up to 9 GW in renewable energy by 2030, which would represent about 60% of contracted capacity. Ibri III is projected to be a benchmark for future solar storage projects in the Middle East. solar storage projects in the Middle EastIbri III is projected as a benchmark for future solar storage projects in the Middle East, positioning Oman as a major player in the transition to a low-carbon economy.
Source and photo: Masdar
