Business, Economy, Energy

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

Oman to generate 25 GW of solar, wind energy

EWEC supplied approximately 6.2GW of the total 7.7GW system power demand.
By TRENDS Desk
April 5, 2022 3:22 pm
  • The country aims to produce 25 gigawatts (GW) of renewable solar and wind energy, which will be used to produce over 1.5 million tons of carbon-free hydrogen per year.
  • Najla Zuhair Al Jamali, Executive Manager of Alternative Energy at OQ said that GEO is at the vanguard of mega-scale green fuels projects

An international consortium comprised of Oman Oil Company Exploration and Production (OQ), InterContinental Energy, and EnerTech on Monday announced further progress on the development of the Green Energy Oman (GEO) integrated green fuels mega project.

This project aims to produce 25 gigawatts (GW) of renewable solar and wind energy, which will be used to produce over 1.5 million tons of carbon-free hydrogen per year.

Najla Zuhair Al Jamali, Executive Manager of Alternative Energy at OQ said that GEO is at the vanguard of mega-scale green fuels projects, which will put Oman at the forefront of countries that implement similar projects.

The project will utilize Oman’s natural resources of wind and solar to produce green fuels.

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