Masdar confirms plans for 50MW windfarm in Oman
Abu Dhabi-based renewables firm to develop $125mn project in Dhofar.
Masdar has signed a joint development agreement with the Rural Areas Electricity Company (RAECO) to build the first large-scale wind farm in the Gulf Cooperation Council (GCC).
The $125mn, 50 MW wind farm in the Sultanate of Oman will be constructed in the country’s Dhofar Governorate, the Abu Dhabi-based renewables company said in a statement.
The project is estimated to generate enough clean electricity to power 16,000 homes and mitigate 110,000 tonnes of CO2 per year.
It will consist of up to 25 wind turbines and construction begins the final quarter of 2015.
The project reflects the increasing trend by GCC nations to invest in renewables as a means to diversify the energy mix and address long-term resource security.
“The region is rapidly adopting renewable energy as a viable solution to meet growing electricity demands and to address long-term resource security,” said H.E Dr. Sultan Ahmed Al Jaber, UAE minister of state and chairman of Masdar.
“The Oman wind project is a prime example of how clean energy can deliver reliable power supplies and improve energy security, while also supporting a transition to a low-carbon future.
“The United Arab Emirates is a first mover,” said Al Jaber, “and the country is extending its global energy leadership through the deployment of wind and solar power domestically and internationally.
“Through Masdar, the UAE is proving that renewables are both competitive commercially and essential to diversifying the global energy mix.”
The Dhofar wind-power project supports Oman’s broader strategy to meet the country’s growing energy demand, which is rising due to population and economic growth.
Upon completion, wind energy will represent 7% of total installed power generation capacity in the Dhofar region.
“This project will deliver significant economic benefits,” said Eng Hamed al Magdheri, CEO of RAECO. “When completed, wind power will meet half of the Dhofar region’s energy needs during the winter.
“It will also reduce our reliance on traditional forms of energy, such as gas, which can be redirected toward more valuable industrial uses, while also extending the life of our hydrocarbon reserves.”