ACWA Power-led consortium inaugurates $417 mln solar PV plant in Oman

Mohammed Abunayyan, Chairman of ACWA Power

A consortium consisting of ACWA Power, Gulf Investment Corporation (GIC), and Alternative Energy Projects Co. (AEPC), inaugurated, on Jan. 24, Ibri 2 solar independent power project (IPP) in Oman, worth $417 million.

The consortium will produce renewable energy over a 15-year period for Oman Power and Water Procurement Co. (OPWP), ACWA Power said in a statement.

Located in Ad-Dhahirah Governorate, Ibri 2 photovoltaic (PV) IPP comprises approximately 1.5 million bi-facial solar panels and extends over an area of 13 million square meters (sqm).

The project was developed on a build, own, operate (BOO) basis, which utilizes solar PV technology to generate 500 megawatts (MW) of renewable power.

Construction was completed in 13 months with the highest health and safety standards, the statement added.

Ibri 2 is the first solar IPP to be launched under Oman’s national renewable energy program and connected to the main national grid.

“At peak generation capacity, the plant output will be enough to supply an estimated 50,000 homes with electricity and will offset 340,000 tons of carbon dioxide emissions a year, in addition to efficiently delivering clean energy to the main national grid,” Mohammed Abunayyan, Chairman of ACWA Power, said.