ewpartners, an equity firm based in Riyadh, has announced a multimillion-dollar investment in a polysilicon project in Oman. The project, located in Sohar Freezone, is being developed by United Solar Polysilicon (FZC) SPC. The plant is expected to have a production capacity of 100,000 tonnes per year and will cost approximately $1.6 billion. The Oman Investment Authority (OIA) is backing the project through its Future Fund Oman (FFO) with a $156 million investment announced last month. The facility will produce polysilicon, a key material used in manufacturing solar cells and microchips, supporting renewable energy and technological growth in the region.…
Author: Lakshita Kapoor
Oman and Belgium have signed a Memorandum of Understanding (MoU) to collaborate on green hydrogen. The agreement was signed between Hydrogen Oman (Hydrom) and the Belgian Hydrogen Council (BHC). It aims to enhance cooperation across the hydrogen value chain and promote global hydrogen development. The MoU highlights Oman’s potential as a producer of green hydrogen and Belgium’s role as an industrial hub for hydrogen in Europe. The partnership is expected to improve energy security and support the development of a supply chain connecting hydrogen producers with international markets. The agreement builds on decades of bilateral relations between Oman and Belgium.…
Aramco, TotalEnergies, and the Saudi Investment Recycling Company (SIRC) have signed a Joint Development and Cost Sharing Agreement (JDCSA) to explore the possibility of building a Sustainable Aviation Fuel (SAF) production plant in Saudi Arabia. The project will focus on recycling local waste to produce cleaner fuel for aviation. The SAF plant, if developed, will be located in Saudi Arabia’s Eastern Province. The project will use waste materials like used cooking oils and animal fats as feedstock. The agreement was announced during the state visit of French President Emmanuel Macron to Saudi Arabia, underlining collaboration between the two nations. Amin…
The Future Minerals Forum (FMF) has released its latest report, shaping the future minerals. The report examines the global energy transition and highlights how the Middle East and surrounding regions can play a vital role in supplying critical minerals for renewable energy technologies. The report was developed with input from industry experts, including CRU, Wood Mackenzie, and Clareo-DPI. The report notes that global demand for critical minerals, such as copper, cobalt, lithium, and graphite, is increasing due to the rise of renewable energy projects, electric vehicles, and battery technologies. Meeting this demand will require $5.4 trillion in capital investment from…
National Finance, a finance company in Oman, is providing funds to Sheida Industries. Sheida Industries is the first company in Oman to manufacture solar panels. The funding helps the company buy raw materials needed for production. Sheida Industries is based in the Sohar Industrial Area. It operates in a facility that covers 11,250 square meters. The company aims to reduce Oman’s reliance on fossil fuels by producing solar panels. This is part of the country’s broader plan to adopt renewable energy. Oman’s government has set a target to generate 30% of its electricity from renewable sources by 2030. These initiatives…
FTXT Energy Technology, a subsidiary of China’s Great Wall Motor (GWM), has signed a Memorandum of Understanding (MoU) with an Oman company Synergy. The partnership aims to develop the hydrogen energy market in the Middle East. Under the MoU, both companies will work together on research, development, production, sales, and support services for hydrogen fuel cell commercial vehicles. This includes setting up technical support and after-sales service operations in Oman and other countries in the region. FTXT plans to use its expertise in hydrogen fuel cell technology to support Synergy with advanced hydrogen energy products and vehicles. Synergy will focus…
A partnership between Aljomaih Energy and Water Company (AEW) and TotalEnergies has finalized a 25-year power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC). The agreement involves the construction and operation of a 300 megawatts (MW) solar power facility, Rabigh 2, in Saudi Arabia. This project is part of Saudi Arabia’s fifth round of the National Renewable Energy Programme (NREP). The initiative focuses on increasing the role of renewable energy and gas in electricity production to reach an equal balance of 50% by 2030. This approach aims to reduce reliance on liquid fuels, as outlined in the Vision…
Nama Power and Water Procurement Company (PWP), Oman’s primary authority for procuring electricity and water, has initiated the qualification process for its Al Kamil Solar Independent Power Project (IPP). The project aims to add 280 megawatts (MW) of solar energy to the country’s electricity grid through private sector participation. The Al Kamil Solar IPP will be developed in Al Kamil Wal Wafi in South Al Sharqiyah Governorate, covering a land area of 3.2 million square meters. The plant is scheduled to begin commercial operations by the fourth quarter of 2027. The estimated cost of the project is RO 85 million,…
TotalEnergies and EDF Renewables have announced plans to build solar parks in Saudi Arabia. The agreements were made during a visit by French President Emmanuel Macron to Riyadh earlier this week. TotalEnergies will construct a 300 Megawatt (MW) solar park in Rabigh Industrial City. The project is in partnership with Aljomaih Energy and Water Company, a Saudi firm. It is expected to begin operation in 2026. EDF Renewables will develop two solar parks with a total capacity of 1.4 GW. These include the 1 GW Al-Masaa project and the 400 MW Al-Henakiyah 2 project. EDF is partnering with China’s State…
Envision Energy has signed an agreement with local partners in Kazakhstan to create a localized manufacturing facility. This facility will produce equipment for renewable power plants and energy storage systems. Green tech Corp, Envision Energy plans to provide technical support in designing, manufacturing, and operating renewable systems in Kazakhstan. By establishing local production units, the project is expected to reduce dependence on imported equipment, lowering transportation costs and minimizing environmental impact. Currently, Kazakhstan relies on export for its energy needs. The new manufacturing site aims to produce equipment domestically, which should stabilize energy supplies. This shift will improve the nation’s…