A big renewables push in Oman: Oman’s OQ’s green energy arm OQ Alternative Energy (OQAE) signed a slew of agreements worth over USD 2 bn for renewable energy and infrastructure projects during Oman Sustainability Week, according to a post on X issued Monday.

Progress on three renewables projects: The company issued a notice to proceed with the engineering, procurement, and construction (EPC) contract to a consortium comprising TotalEnergies, OQAE, and Power China, advancing three renewable energy projects with a total capacity of 300 MW — the North Solar plant in Saih Nihaydah and the Riyah 1 and Riyah 2 wind farms.

Contractors secured: OQAE signed a transformer procurement agreement for the three projects by the consortium with Oman-based Voltamp, a wind turbine procurement agreement with China’s Goldwind for Riyah 1 and Riyah 2, a PV panels procurement pact with China’s Longi, a financing agreement for North Solar with Bank Muscat, and another two financing agreements for Riyah 1 and 2 with Bank Muscat and Al Ahli Bank.

More projects, more agreements:

  • A joint development agreement was signed with United Solar for a 700 MW facility that will power the Sohar Polysilicon plant;
  • Indian Jindal Renewables inked an agreement to develop a 500 MW plant to power industrial facilities in Sohar and Duqm;
  • US-based Oxy Zero In signed an agreement for a 140 MW project in Block 09;
  • An agreement was signed with Brazilian Vale for a 105 MW project to power Vale’s facilities in Oman.

On the green hydrogen front: OQAE is launching a pilot-scale green hydrogen project in Duqm’s Special Economic Zone with an electrolyzer capacity of 10-15 MW, Oman Observer reported on Wednesday. The pilot is designed to give the company operational experience as it moves to take on a bigger role in Oman’s alternative energy landscape.

In parallel: OQAE secured a commitment from Nama Power and Water Procurement Company — the country’s sole electricity and desalinated water offtaker — to take up to a 25% stake in future Independent Power Projects developed by OQAE.

There’s more: OQ also inked a strategic collaboration agreement with Japan’s Mitsubishi Heavy Industries to conduct pre-feasibility studies for carbon capture solutions across its asset portfolio, including full CO2 value chain assessments, Muscat Daily reported on Monday.

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Masdar has a new project in Kazakhstan: Masdar and Kazakh sovereign wealth fund Samruk-Kazyna signed an agreement to collaborate on a round-the-clock energy project with a base capacity of 500 MW and a battery energy storage system with a 2 GW capacity, according to a statement issued on Sunday. The agreement was signed on the sidelines of Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s visit to Kazakhstan earlier this week, which saw the signing of USD 5 bn agreements spanning energy, logistics, and tech.

Not the first link-up: The renewables giant signed an investment agreement last year with Kazakhstan’s government to develop a 1 GW wind farm in Kazakhstan alongside W Solar and Qazaq Green Power, owned by Samruk-Kazyna, and the Kazakhstan Investment Development Fund. The two sides also ratified the MoU for the wind farm in Jambyl.

There’s more:Abu Dhabi Commercial Bank (ADCB) inked an MoU with Samruk-Kazyna to support alternative energy, infrastructure, financial services, and green transition projects. The Kazakh wealth fund also signed an agreement with AIQ, Adnoc, and G42’s AI joint venture to collaborate on improving Kazakhstan’s oil and gas sector’s efficiency using AI and advanced tech.

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