TotalEnergies JV wins Oman renewable energy projects contract
MUSCAT, 6 hours, 29 minutes ago
TotalEnergies, a global integrated energy company, has announced that its joint venture with OQ Alternative Energy - a subsidiary of OQ Group and Omani renewable energy champion - has secured a major contract to develop three renewable energy projects in the sultanate.
In the new venture, OQ Alternative Energy will have a 51% stake while the rest 49% will be with TotalEnergies.
As per the contract awarded by Petroleum Development Oman (PDO), the OQ-TotalEnergies venture will be responsible for setting up North Solar, a 100MW facility in Saih Nihaydah in northern part of the country as well as two 100MW wind projects - Riyah 1 and Riyah 2 - located in Amin and West Nimr fields in the southern part.
The construction work will begin early next year, said TotalEnergies in its statement, adding that these solar and wind projects will generate over 1.4 TWh of renewable electricity annually.
As a first step, PDO has signed agreements with the OQ-TotalEnergies JV thus reiteratering its commitment to achieving Net Zero emissions by 2050 in line with the objectives of Oman Vision 2040, mainly the diversification of energy sources to ensure sustainable energy security.
On the deal, TotalEnergies said this comes in line with its multi-energy strategy in the Sultanate of Oman. The electricity production at these facilities will be likely start in late 2026.
"Following our recent successes in the Sultanate of Oman, notably with the launch of the Marsa LNG project in April, we are pleased to make a new step in the deployment of our integrated multi-energy strategy in Oman," remarked Olivier Jouny, the Senior Vice President Renewables at TotalEnergies.
"Together with our partner OQAE, we are eager to start the construction of these three projects which will provide long-term renewable electricity to PDO while supporting the Sultanate in its energy transition," he added.
Dr Aflah Al Hadhrami, Managing Director of PDO, said: "We are delighted to sign these agreements, which further reinforce our steadfast commitment to achieving Net Zero emissions by 2050 in line with the objectives of Oman Vision 2040, mainly the diversification of energy sources to ensure sustainable energy security."
"PDO’s journey towards sustainability was firmly established with previous groundbreaking initiatives, including the Amin Solar IPP Power Plant and the Rima Water Treatment Project. These projects, alongside the ones signed today, continue to reshape Oman’s energy landscape by blending technological innovation with environmental stewardship," he noted.
"They also support our aim of sourcing 30% of our power capacity from renewables by 2026, reflecting our dedication to a cleaner, sustainable future," he added.
Najla Zuhair Al Jamali, Chief Executive of OQ Alternative Energy, said: "In partnership with PDO and TotalEnergies, OQAE is proud to advance Oman’s transition toward sustainable energy. As an energy transition enabler, we are delighted to lead the development of these projects supporting PDO to achieve their decarbonization plans."
"This significant milestone underscores the expertise and dedication of all stakeholders involved. As the National Champion for Clean Energy in Oman, OQAE is committed to supporting the nation’s economic growth by developing innovative clean energy and low-carbon projects," she stated.
"With a focus on environmental stewardship and long-term prosperity, OQAE ensures the delivery of sustainable solutions to meet Oman’s evolving industrial energy needs," she added.-TradeArabia News Service
