Oman’s Nama Power and Water Procurement Company (Nama PWP), the Gulf country’s single buyer and off-taker of all electricity and desalinated water capacity, has signed a power purchase agreement (PPA) with local company O-Green for the country’s first utility-scale, round-the-clock renewable energy project.

The Continuous Renewable Energy Project, located in the wilayats of Mahout and Duqm, will combine solar photovoltaic (PV), wind power and Battery Energy Storage Systems (BESS) with a total installed generation capacity of approximately 2.7 gigawatts (GW).

As one of the world’s largest hybrid continuous renewable energy projects, it establishes a strategic platform to support the growth of energy-intensive sectors, including data centres, advanced computing, advanced industries and green fuels, O-Green said in a press statement.

O-Green is a national renewable energy platform established as a strategic partnership between OQ Alternative Energy (OQAE), a subsidiary of OQ and Oman's national champion for renewable energy, and the state-owned Naqaa Sustainable Energy.

The project is expected to provide a firm supply capacity of nearly 770 megawatts (MW), the statement noted. 

Details about the duration of the PPA, project cost, financial close and operational timelines weren't disclosed. However, PPAs inked by Nama PWP for solar PV and wind Independent Power Projects (IPPs) in the recent past have had a tenor of 20 years.     

Nama PWP had referenced Continuous Renewable Energy Project in its 2025 annual report, noting that the project would target around 1,000 MW of dispatchable renewable capacity with an annual capacity factor exceeding 70 percent. It had said the Request for Proposal (RFP) and project award would take place in 2026.

O-Green’s project portfolio exceeds 11 GW of solar and wind generation projects acros 12 countries, in addition to 4.5 gigawatt-hours (GWh) of BESS capacity. To date, the company has secured more than 3.3 GW of generation capacity and 2.4 GWh of storage capacity in Oman and Botswana.

The company's scope includes the development of solar and wind energy projects, as well as the localisation of renewable energy technologies and related industries.

(Writing by SA Kader; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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