TotalEnergies, a global integrated energy company, has announced that its joint venture with OQ Alternative Energy – a subsidiary of OQ Group and Omani renewable energy champion – has secured a major contract to develop three renewable energy projects in the sultanate.
OQ Alternative Energy will have a 51 per cent stake in the new venture, while the rest 49 per cent will be with TotalEnergies. As per the contract awarded by Petroleum Development Oman (PDO), the OQ-TotalEnergies venture will be responsible for setting up North Solar, a 100MW facility in Saih Nihaydah in the northern part of the country as well as two 100MW wind projects – Riyah 1 and Riyah 2 – located in Amin and West Nimr fields in the southern part.
The construction work will begin early this year, said TotalEnergies, adding that these solar and wind projects will generate over 1.4 TWh of renewable electricity annually.
As a first step, PDO has signed agreements with the OQ-TotalEnergies JV thus reiteratering its commitment to achieving Net Zero emissions by 2050 in line with the objectives of Oman Vision 2040, mainly the diversification of energy sources to ensure sustainable energy security.
On the deal, TotalEnergies said this comes in line with its multi-energy strategy in the Sultanate of Oman.
The electricity production at these facilities will be likely start in late 2026.
“Following our recent successes in the Sultanate of Oman, notably with the launch of the Marsa LNG project in April, we are pleased to make a new step in the deployment of our integrated multi-energy strategy in Oman,” remarked Olivier Jouny, the Senior Vice President Renewables at TotalEnergies.
Dr Aflah Al Hadhrami, Managing Director of PDO, said: “We are delighted to sign these agreements, which further reinforce our steadfast commitment to achieving Net Zero emissions by 2050 in line with the objectives of Oman Vision 2040, mainly the diversification of energy sources to ensure sustainable energy security.”