logo
Oman starts receiving supplies for first green hydrogen project

Oman starts receiving supplies for first green hydrogen project

Zawya30-06-2025
Project cargo has begun arriving at the Special Economic Zone at Duqm (SEZAD) for Oman's first green hydrogen and ammonia venture, the first of the many poised to scale the Sultanate's green energy industry.
Green Hydrogen and Chemicals Company SAOC (GHC), a wholly owned subsidiary of India-based renewable energy developer ACME Group, is developing the green ammonia plant with an initial capacity of 100,000 tonnes per annum (tpa).
The project, estimated at around $750 million, is designed for phased expansion to 1.1 million tpa, according to officials.
Last week, Khimji Ramdas Shipping announced the successful discharge and inland delivery of the first major consignment of project cargo from the Port of Duqm to the plant site. The shipment comprised 14 packages of oversized equipment, including a single unit weighing 120 metric tonnes.
This shipment marks the first in a series of heavy cargo deliveries expected at Port of Duqm in the run-up to the plant's scheduled commissioning in the first quarter of 2027.
Forthcoming consignments will include solar PV modules, trackers and electrolysers - key components already under contract as part of the project's broader supply chain.
(Writing by Nadim Kawach; Editing by Anoop Menon)
(anoop.menon@lseg.com)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Masdar consortium completes $1.1bn Saudi solar project funding
Masdar consortium completes $1.1bn Saudi solar project funding

The National

time2 hours ago

  • The National

Masdar consortium completes $1.1bn Saudi solar project funding

The $1.1 billion Al Sadawi solar project in Saudi Arabia being developed by a consortium of UAE clean energy company Masdar, China's GD Power and Korea Electric Power Corporation (Kepco) has reached financial close. Eight regional and international lenders – Standard Chartered, Korea Eximbank, Abu Dhabi Commercial Bank, BNP Paribas, Abu Dhabi Islamic Bank, Bank of China, HSBC and Societe Generale – participated in the financing, which will cover a substantial part of the total project costs, Masdar said on Tuesday. The 2-gigawatt solar photovoltaic project is being developed under the kingdom's National Renewable Energy Programme (NREP), led by the Ministry of Energy. It is expected to begin generation at full capacity in early 2027, with commercial operation targeted for the same year. The announcement marks a "significant step in Saudi Arabia's clean energy journey, with Al Sadawi set to be one of the largest solar power projects in the world", said Mohamed Al Ramahi, chief executive at Masdar. 'Masdar is committed to supporting Saudi Arabia's clean energy objectives and this landmark project will add to our growing portfolio in the kingdom." The consortium was awarded the project in November. The kingdom is rapidly expanding its renewable power generation capacity to meet the rising demand of electricity in domestic commercial, industrial and residential sectors. Under the NREP, the country aim to boost its solar energy capacity to 40 gigawatts by 2030. Overall, Saudi Arabia aims to achieve an energy mix with 50 per cent renewables by the end of this decade. Last month, the kingdom also signed agreements worth more than 31 billion Saudi riyals ($8.3 billion) for seven renewable energy projects with an Acwa Power -led consortium to boost its green energy capacity. The deals cover five solar projects, including a 3-gigawatt Bisha project in Aseer, a 3-gigawatt development in Madinah, the Khulis Project in Makkah with a capacity of 2 gigawatts, and Afif 1 and Afif 2 in Riyadh, each with a 2-gigawatt capacity. The independent power-producer project at Al Sadawi, in Eastern Province, will be developed on a build, own and operate basis, with a 25-year power purchase agreement signed with the Saudi Power Procurement Company late last year, Masdar said. The UAE company, which opened an office in Riyadh in 2022, aims to expand its total capacity to at least 100 gigawatts of renewable energy by the end of the decade, from about 20 gigawatts. The company allocated more than $1.68 billion in green bond proceeds from 2023 and 2024 issuances to new solar, onshore and offshore wind, and energy storage projects as of the end of December, it said in a report this week. The funding is being used to develop clean energy across the UAE, Saudi Arabia, the US, Germany and the UK, as well as markets such as Uzbekistan, Azerbaijan and Serbia, Masdar said.

Riding the tides: underwater kites can transform renewable energy
Riding the tides: underwater kites can transform renewable energy

Zawya

time2 hours ago

  • Zawya

Riding the tides: underwater kites can transform renewable energy

Off the coast of the Faroe Islands, a new kind of power plant is taking flight—beneath the waves. Known as tidal kites, these innovative devices 'fly' underwater in graceful figure-eight patterns, their onboard turbines spinning as they slice through ocean currents. Unlike conventional tidal turbines, which require strong, fast-flowing waters, tidal kites can generate electricity even in gentler currents by moving much faster than the tide itself. First conceived in Sweden in the early 2000s and patented in 2007, the technology has only recently reached commercial scale. The latest breakthrough comes from Minesto's Dragon 12, a megawatt-class tidal kite with a 12-meter wingspan and a rated capacity of 1.2 MW. Anchored to the seabed and tethered to the shore by a power cable, the kite is guided by rudders and elevators, capturing energy with remarkable efficiency. Installed in the Faroe Islands in early 2025, the Dragon 12 is already feeding electricity into the grid. If all goes to plan, an array of 20–40 units could generate up to 40 MW—meeting as much as 40 percent of the islands' electricity demand by 2030 and significantly reducing reliance on imported fossil fuels. The concept is as elegant as it is ambitious. Tides, driven by the moon's gravitational pull, are predictable years in advance, offering a stable source of renewable power. This reliability is a key advantage over solar and wind, which fluctuate with weather and daylight. While solar farms can achieve higher peak capacities—often hundreds of megawatts—they require vast land areas and face night-time intermittency. Wind turbines, onshore or offshore, can also produce larger outputs, but are less predictable and face higher maintenance in storm-prone regions. Tidal kites, by contrast, can operate day and night, year-round, with consistent generation profiles—making them an ideal complement in a diversified renewable mix. For the Faroe Islands, the LUNA 12 project—developed in partnership with Swedish bearing giant SKF and local utility SEV—is more than an engineering milestone. It's proof that cutting-edge marine technology can work in the real world, even in challenging environments. The first deployment has already delivered a tenfold increase in capacity compared to earlier prototypes. Analysts estimate more than 3,000 coastal locations worldwide could adopt similar systems, collectively supplying gigawatts of clean, predictable energy and reducing dependence on coal and gas. Challenges remain. The technology is still young, with high upfront costs and logistical hurdles in manufacturing, installation, and maintenance. Environmental monitoring will also be essential to ensure the devices do not disrupt marine life. But with successful demonstrations now underway, the tide may finally be turning in favour of ocean-powered electricity. If tidal kites can live up to their promise, they could offer one of the most reliable and sustainable sources of clean energy—harvesting the steady pull of the moon without ever leaving Earth. 2025 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (

Oman's project spending soars by 37% in H1
Oman's project spending soars by 37% in H1

Zawya

time2 hours ago

  • Zawya

Oman's project spending soars by 37% in H1

Oman boosted project spending by 37 percent in the first half of 2025 despite a sharp fall in revenues due to lower oil output and prices, the Finance Ministry has reported. Higher expenditure created an actual budget deficit in the first half of this year but allowed the non-OPEC Gulf Sultanate to record real growth of about 2.5 percent. Total spending increased by around five percent to 6.09 billion Omani rials ($15.8 billion) in the first half of 2025 compared with the first half of 2024. 'The increase in expenditure was mainly a result of a rise in development spending during that period,' the Ministry said in a budget performance report on its website. The report showed development spending surged by 37 percent to OMR 688 million ($1.7 billion) in the first half of this year, accounting for nearly 76 percent of the budgeted capital expenditure of OMR 900 million ($2.4 billion). Current expenditures, which involve mainly salaries to public servants, edged up by only around one percent to OMR4.1 billion ($10.6 billion) in the first half of 2025. Total revenues dipped by around six percent to OMR5.8 billion ($15 billion) after a 10-percent decline in oil export earnings to about OMR3 billion ($7.8 billion). Gas revenues also shrank by six percent to OMR 884 million ($2.3 billion). (Writing by Nadim Kawach; Editing by Anoop Menon) (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store