Oman: TotalEnergies and OQAE Sign Agreements to Develop 300 MW of Renewable Projects
TotalEnergies SE (TTE)
Company Research
Source: Business Wire
PARIS & MASCATE, Oman--(BUSINESS WIRE)--Regulatory News:In line with its multi-energy strategy in the Sultanate of Oman, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) is pleased to announce, together with its partner OQ Alternative Energy (OQAE), the National Renewable Energy Champion, the signing of landmark agreements to develop 300 MW of renewable energy projects in the country. The electricity will be delivered through long-term Power Purchase Agreements (PPA) to Petroleum Development Oman (PDO), the leading exploration and production company in the Sultanate.With respectively 49% and 51% shares, TotalEnergies and OQAE will lead in realizing three renewable projects:North Solar, a 100 MW solar project, located in Saih Nihaydah in northern Oman;Riyah-1 and Riyah-2, two 100 MW wind projects, located in Amin and West Nimr fields in southern Oman.The construction will start in early 2025, and the electricity production in late 2026. These solar and wind projects will generate ove
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