A consortium led by French utility giant EDF power solutions, Al Khadra Partners and OQ Alternative Energy (OQAE), has achieved a major milestone with the financial close for the 120MW Jaalan Bani Bu Ali (JBB) Wind Independent Power Project in the Sultanate of Oman.
The project follows the execution of a 20-year Power Purchase Agreement (PPA) with Nama Power and Water Procurement Company (Nama PWP) and marks a significant milestone towards the delivery of one of Oman's largest onshore wind farms.
Located in the South Al Sharqiyah Governorate, approximately 440 km from the Port of Duqm, the project will comprise 16 wind turbines, each with a generation capacity of 7.7 MW. The commercial operation is expected in Q3 2027.
Once operational, the JBB Wind Farm is expected to generate sufficient renewable electricity to power more than 13,500 Omani households annually, while avoiding over 270,000 tonnes of COâ‚‚ emissions each year.
The project will also contribute to local economic development through job creation, skills transfer, and opportunities for Omani businesses throughout the construction and operational phases.
The project supports Oman Vision 2040 and the sultanate's objective of increasing the share of renewable energy in the national electricity mix to at least 30% by 2030, while advancing the country's 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 decarbonization objectives," he stated.
Sheikha Hind Bahwan, Chairperson of Al Khadra Partners, said: "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," he added.
Salim Said 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," stated Al Kamyani.
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," he added.-TradeArabia News Service
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