SolarPower Europe, supported by the Global Solar Council (GSC), and the Middle East Solar Industry Association (MESIA), launches its report on solar investment opportunities in Oman.
The report, called “Oman: Solar investment opportunities”, is a new publication that offers key insights into the Omani solar sector, and opportunities for international investment.
“There are no limits to Oman’s potential solar growth, as a country home to abundant natural resources. In an evolving regulatory and legislative landscape, this report aims to make an important contribution to the country’s solar journey”, said Katherine Poseidon, Chair of SolarPower Europe’s Global Markets Workstream, and Head of Strategy, Analytics & Process’ at Voltalia.
This report provides an overview of Oman’s business environment, and major macroeconomic trends, while analysing the regulatory framework and infrastructure network of the country. It maps the Omani energy sector, including the energy mix; key stakeholders and developments; and the policy and legislative framework governing renewable energy generation.
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“Thanks to its high potential for renewable energy and a government very committed to taking a leadership role in the renewable energy sector and green hydrogen production, Oman has all the prerequisites to become a success story of the energy transition and solar development”, said Paolo Travaglini, Head of Area Coordination Renewables Africa, Asia, Oceania at Eni Plenitude and former Chair of SolarPower Europe’s Global Markets Workstream.
This report also updates the Oman chapter of SolarPower Europe’s 2021 report; “Middle East: Solar investment opportunities.” This revision contains the latest economic and political advancements in the country, and credible pathways for Oman to reach net-zero by 2050, following the most recent auction announcements, and the latest electricity tariffs and energy mix data. The country will need to install a minimum of 13 GW of solar in total by 2030, to stay on track to reach net-zero emissions by 2050. Moreover, the recommendations have been revised to reflect the evolving dynamics of the Omani energy sector.
The report is the fourteenth in a series of SolarPower Europe market reports, which includes: Mozambique, Senegal, Côte d’Ivoire, Myanmar, Kazakhstan, India, Tunisia, Latin America, Algeria, the Middle East, and Vietnam.
Source: SolarPower Europe
