(Source: Shutterstock.com)
TotalEnergies and OQ Alternative Energy (OQAE) have signed long-term power purchase agreements to develop a trio of renewable energy projects in Oman that will generate 300 megawatts (MW), according to a Dec. 11 press release.
France's TotalEnergies (49% ownership) and OQAE (51%) plan to begin construction in early 2025 with electricity production anticipated in late 2026.
The developments are North Solar, a 100 MW solar project located in Saih Nihaydah in northern Oman, and Riyah-1 and Riyah-2, two 100 MW wind projects located in Amin and West Nimr fields in southern Oman.
The solar and wind projects are expected to generate over 1.4 terawatt-hours of renewable electricity annually, TotalEnergies said. The electricity generated will be supplied to Petroleum Development Oman, aligning with TotalEnergies' multi-energy strategy in the country, the release stated.
The projects support Oman Vision 2040 regarding diversifying energy sources to ensure sustainable energy security, said Aflah Al Hadhrami, managing director of Petroleum Development Oman.
“[The agreements] also support our aim of sourcing 30% of our power capacity from renewables by 2026, reflecting our dedication to a cleaner, sustainable future,” Al Hadhrami said.
The announcement follows TotalEnergies’ launch of Marsa LNG in the Sultanate of Oman. Marsa LNG plans to be fully electrically driven with a greenhouse gas intensity below 3 kg CO2e/boe, TotalEnergies announced in April.
RELATED
TotalEnergies Closes $1.4B Acquisition of Malaysia’s SapuraOMV
Recommended Reading
Q&A: Petrie Partners Co-Founder Offers the Private Equity Perspective
2025-02-19 - Applying veteran wisdom to the oil and gas finance landscape, trends for 2025 begin to emerge.
Chevron Technology Ventures Would Like to See the Manager
2025-03-13 - Chevron Corp.’s Chevron Technology Ventures, which turns 25 this year, pays close attention to leadership teams when making investment decisions in technology startups.
Pinnacle Midstream Execs Form Energy Spectrum-Backed Renegade
2025-02-03 - Renegade Infrastructure, led by Permian-centric Pinnacle Midstream developers Drew Ward and Jason Tanous, have received a capital commitment from Energy Spectrum Partners.
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
Baker Hughes to Supply Equipment for NextDecade’s Rio Grande LNG
2025-03-11 - Baker Hughes will provide turbine and compression for NextDecade’s trains at Rio Grande LNG.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.