A consortium comprising EDF power solutions, Al Khadra Partners and OQ Alternative Energy (OQAE) has reached financial close for the 120-megawatt (MW) Jaalan Bani Bu Ali (JBB) Wind Independent Power Project in Oman.
This follows the signing of a 20-year Power Purchase
Agreement with Nama Power and Water Procurement Company (Nama PWP), paving the
way for one of Oman’s largest onshore wind farms.
Located in South Al Sharqiyah Governorate, around 440
kilometres from the Port of Duqm, the project will feature 16 wind turbines,
each with a capacity of 7.7 MW.
Commercial operations are expected to begin in the third
quarter of 2027.
Once operational, the wind farm is projected to generate
enough renewable electricity to supply more than 13,500 Omani households
annually and prevent over 270,000 tonnes of carbon dioxide emissions each year.
The project is also expected to support local economic
development through employment, skills development and opportunities for Omani
businesses during construction and operations.
The JBB project supports Oman Vision 2040 and the country’s
target of generating at least 30% of its electricity from renewable sources by
2030, contributing to its Net Zero 2050 ambitions.
Luc Koechlin, CEO Middle East of EDF power solutions,
said: "Achieving financial close on the JBB Wind Project is a major
milestone for all partners involved and demonstrates the confidence of lenders
in both the project and Oman's renewable energy market. This project
marks EDF power solutions' inaugural wind transaction in Oman, further
strengthening our commitment to supporting the Sultanate's energy transition
through the development of competitive and low-carbon energy solutions.
Together with our partners Al Khadra Partners and OQAE, we are proud to
contribute to Oman Vision 2040 and its long-term decarbonisation
objectives."
Sheikha Hind Bahwan, Chairperson of Al Khadra Partners,
commented: "The successful financial close of the JBB Wind Project
marks a significant milestone for our partnership and underscores our shared
commitment to advancing Oman's clean energy transition. As part of the
Hind Bahwan Group, which is developing more than 3 GW of power projects across
the Sultanate, we are proud to collaborate with EDF power solutions and OQ
Alternative Energy in delivering one of the country's landmark renewable energy
project. This achievement reflects the strength of our partnership and our
confidence in Oman's vision for a sustainable, diversified energy future.
Together, we are creating long-term economic, environmental, and social value
that will benefit the Sultanate and its communities for generations to
come."
Salim Al Kamyani, CEO of OQ Alternative Energy, said: "Achieving
financial close for the JBB Wind Project is an important milestone that
demonstrates the progress Oman is making in translating its renewable energy
ambitions into tangible projects. JBB represents more than 120 MW of new
renewable capacity; it is part of a wider transformation of the Sultanate's
energy system and an investment in its long-term economic resilience. As Oman's
National Champion for Renewable Energy, OQAE is committed to harnessing the
country's exceptional renewable resources to strengthen energy security,
diversify the energy mix and support sustainable economic growth. Projects such
as JBB also create opportunities to build local capabilities, strengthen Omani
supply chains and generate lasting In-Country Value. Together with EDF power
solutions and Al Khadra Partners, we are proud to advance a project that
contributes directly to Oman Vision 2040 and Net Zero 2050, while creating
enduring value for the Sultanate and future generations."-OGN/TradeArabia News Service
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