Key Takeaways
- The 120MW Jaalan Bani Bu Ali Wind Project has achieved financial close, a significant step for Oman’s renewable energy goals.
- Located in South Al Sharqiyah Governorate, the project will feature 16 wind turbines capable of powering over 13,500 households.
- This initiative supports Oman Vision 2040 and aims for at least 30% of the national electricity mix to come from renewable sources by 2030.
Milestone for Sustainable Energy in Oman
The financial close of the 120MW Jaalan Bani Bu Ali (JBB) Wind Independent Power Project represents a crucial achievement for a consortium led by EDF Power Solutions, alongside Al Khadra Partners and OQ Alternative Energy (OQAE). This marks a pivotal moment in Oman’s renewable energy landscape, aligning with the country’s renewable energy targets for 2030.
The project, which follows a 20-year Power Purchase Agreement with Nama Power and Water Procurement Company, will feature 16 wind turbines with a capacity of 7.7 MW each. Scheduled to begin operations in Q3 2027, the JBB Wind Farm will provide renewable electricity to more than 13,500 Omani households annually while significantly reducing CO₂ emissions by over 270,000 tonnes each year.
The JBB Wind Project also embodies Oman’s commitment to economic development, creating job opportunities, facilitating skills transfer, and enhancing local business growth throughout its construction and operational stages. This initiative is expected to further the objectives outlined in Oman Vision 2040, which targets a renewable energy share of at least 30% of the national electricity mix by 2030, as part of its Net Zero 2050 ambitions.
Luc Koechlin, CEO of EDF Power Solutions Middle East, highlighted the significance of achieving this financial closure, reflecting lenders’ confidence in the project and Oman’s renewable energy potential. Sheikha Hind Bahwan, Chairperson of Al Khadra Partners, emphasized that this milestone reinforces their joint commitment to Oman’s clean energy transition and showcases their partnership’s strength.
Salim Said Al Kamyani, CEO of OQAE, stated that the project is vital for advancing Oman’s renewable ambitions into real-world applications. He explained that JBB contributes over 120 MW of new renewable capacity, essential for enhancing energy security and supporting sustainable economic growth through local capabilities and supply chain development.
In summary, the JBB Wind Project is poised to play a key role in transforming Oman’s energy system, creating lasting value for the country and its communities, thereby fostering a sustainable future for generations to come.
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