Oman's state-owned energy investment company OQ is planning to make a final investment decision (FID) on a solar project with an estimated capacity of 100 MWdc in the northern Liwa province by 2023.
The company has already received formal expressions of interest from various potential partners to invest in the Liwa Solar project, it said in its Sustainability Report for 2021 published on Sunday.
A group of potential co-developers has been already shortlisted and the selection process should be completed this year, the report says.
In addition to the Liwa Solar project, OQ is working on the preparations for a solar park at the Block 60 concession in central Oman. The project development consultancy works for the Bisat Solar Power Plant at the gas field are expected to be awarded and launched in 2022, OQ said.
Muscat-based OQ is involved in partnerships that aim to develop four renewable energy facilities to produce green hydrogen and green ammonia, with a total capacity of 30 GW of solar and wind energy.
Last week, Petroleum Development Oman (PDO) said it was considering building a 100-MW solar plant with an energy storage facility in the north of the sultanate. It has also drawn up plans for its first wind farm.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.