{"id":81141,"date":"2023-12-11T00:00:00","date_gmt":"2023-12-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/omans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding\/"},"modified":"2023-12-11T00:00:00","modified_gmt":"2023-12-11T00:00:00","slug":"omans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/omans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding\/","title":{"rendered":"Oman\u2019s 500 MW Manah solar project secures USD 301 mn in funding"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More funding for Oman\u2019s Manah solar farm:<\/strong> Oman\u2019s 500 MW Manah solar project \u2014 developed by a consortium comprising French power utility EDF Renewables and Korea Western Power (Kowepco) \u2014 has secured USD 301.8 mn in funding from three major international financial institutions, <a target=\"_blank\" href=\"https:\/\/www.omanobserver.om\/article\/1146652\/business\/manah-1-solar-project-secures-301m-in-funding\" style=\"\" rel=\"noopener\">Oman Observer<\/a> reported on Friday. <a target=\"_blank\" href=\"https:\/\/www.societegenerale.com\/fr\" style=\"\" rel=\"noopener\">Soci\u00e9t\u00e9 G\u00e9n\u00e9rale<\/a>, the Korea Eximbank, and <a target=\"_blank\" href=\"https:\/\/www.bankmuscat.com\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Bank Muscat<\/a> of the Sultanate of Oman have signed on to finance the solar project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The project \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c3e47e3-bcd8-4236-80d6-b8cebe4c02c2\" style=\"\" rel=\"noopener\">which broke ground in September<\/a> \u2014 will boast around 1 mn bifacial PV modules and provide clean energy for approximately 50k homes while offsetting 780k tons of CO2 annually. EDF Renewables and Kowepco tapped Australian engineering services firm Worley as owner engineer for the project. The Australian firm will partner with Wadi Noor Solar Power Company to deliver the facility in a timely manner.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more to come:<\/strong> Manah 1 is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3aad63f3-6a3c-472b-950e-1d350da25403\" style=\"\" rel=\"noopener\">one half of a larger project<\/a> by Oman\u2019s Power and Water Procurement Company to build a solar plant with a combined capacity of 1 GW. The combined cost of Manah 1 and Manah 2 will amount to over OMR 300 mn (c. USD 780 mn) and will be the largest in the sultanate. A JV made up of Singapore\u2019s Sembcorp Utilities and China\u2019s Jinko Power was selected to develop the Manah 2 solar plant in March, and both Manah 1 and Manah 2 are expected to be operational by 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Manah 1 solar farm will be operational by 2025<\/p>\n","protected":false},"author":1,"featured_media":81142,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[556,11,1841,92,94,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-edf-renewables","tag-enterpriseclimate","tag-kowepco","tag-oman","tag-solar","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"13e04bb2-8f33-4830-a313-ef533ce04fba","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/24.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Oman\u2019s 500 MW Manah solar project secures USD 301 mn in funding","related_issue":[81129],"teaser":"The Manah 1 solar farm will be operational by 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.39c60cb3-6afb-448e-bfed-3a0d4e5a53d5.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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