Latest news with #OQAlternativeEnergy
Zawya
21-07-2025
- Business
- Zawya
OQAE, Naqaa to develop wind power projects in Oman
OQ Alternative Energy (OQAE) has signed an agreement with Naqaa Sustainable Energy to jointly develop a series of wind power projects across the Wilayats of Duqm, Mahout, and Sadah, located in the Dhofar and Al Wusta governorates of Oman, with a total capacity of 1,100MW. The projects will utilise locally manufactured wind turbines from Mawarid Turbine, which is expected to be established in Duqm following a memorandum of cooperation previously signed between OQ and Mawarid Turbine, reported ONA. This partnership aligns with OQ Group's broader efforts to create a fully integrated renewable energy value chain, support local industries by localising know-how, and foster innovation by empowering Omani startups in the green energy space, while maximising in-country value. The signing ceremony took place under the patronage of Salim Al Aufi, Minister of Energy and Minerals. The agreement was signed by Said Al Masoudi, Chairman of OQ Alternative Energy, and Mustafa Al Hinai, CEO of Naqaa Sustainable Energy. Al Masoudi commented: 'This agreement is a tangible expression of the government's vision to expand renewable energy sources and drive sustainable development across Oman. It reinforces the vital role of OQ as a national investment platform for clean energy solutions, strengthening the electricity grid and addressing the needs of the future through its subsidiary OQ Alternative Energy.' Al Hinai added: 'We're excited about this partnership with OQAE to develop wind power projects, tapping into Oman's vast wind potential and advancing homegrown innovation. Together, we're advancing local innovation and helping the electricity sector respond more effectively to rising demand, building a resilient and sustainable energy future for generations to come.'
Zawya
17-07-2025
- Business
- Zawya
Oman: Pact to develop wind energy projects in Duqm, Mahout and Sadah
Muscat – OQ Alternative Energy has signed a joint development agreement with Naqaa Sustainable Energy Company to invest in wind energy projects in Duqm in Al Wusta and Mahout and Sadah in Dhofar. The projects are expected to generate up to 1,100 megawatt of electricity using wind turbines manufactured locally by Mawarid Turbine Company. The agreement is part of efforts by OQ Group to support the clean energy transition by developing an integrated value chain and encouraging the growth of national industries. It also aims to support emerging businesses involved in renewable energy, according to an OQ statement. The deal was signed by Said al Masoudi, Chairman of OQ Alternative Energy, and Mustafa bin Mohamed al Hinai, CEO of Naqaa Sustainable Energy Company. The signing took place in the presence of H E Salem bin Nasser al Aufi, Minister of Energy and Minerals. Masoudi said the agreement reflects the government's policy of promoting renewable energy and supporting sustainable development goals. He added that OQ plays a key role as a national investment arm in the energy transition, contributing to electricity grid stability and development of clean energy infrastructure. Hinai said the partnership aligns with national efforts to diversify energy sources and utilise Oman's natural wind resources. In April, OQ Group signed a memorandum of understanding with Mawarid Turbine to establish a manufacturing facility in Special Economic Zone at Duqm. The first phase of the factory will have production capacity of up to 1,000MW a year, with investment exceeding US$200mn. Commercial operations are scheduled to begin in 2026. The plant is expected to be the first of its kind in the region and will support localisation of renewable energy technologies. It is projected to generate more than 1,000 jobs. Mawarid Turbine has partnered with Shanghai Electric Wind Power Group for technology licensing, research and development, and the technical design of manufacturing systems. The collaboration will also provide wind turbines for several pilot farms. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Zawya
17-07-2025
- Business
- Zawya
Oman, Kuwait firms sign wind energy deal
Oman's OQ Alternative Energy has signed an agreement with Naqaa Sustainable Energy of Kuwait to invest in multiple wind energy projects across the wilayats of Duqm, Mahout, and Sadah, located in the governorates of Dhofar and Al Wusta. The projects are expected to generate up to 1,100 megawatts (MW) using wind turbines locally manufactured by Mawarid Turbine's upcoming factory in Duqm, the official Omani News Agency reported on Wednesday. The agreement was signed by Saeed bin Mohammed al Masoudi, Chairman of OQ Alternative Energy, and Mustafa bin Mohammed al Hinai, CEO of Naqaa. Al Masoudi said the project reinforces OQ's role as a national investment vehicle in the clean energy transition and its continued development of grid-supporting projects tailored to the country's future energy needs. Al Hinai noted that the collaboration aligns with national objectives to diversify energy sources by harnessing Oman's natural resources. In April 2025, OQ Group signed a memorandum of understanding with Mawarid Company to establish the Mawarid Turbine factory in Duqm, which will manufacture wind turbines for local and regional projects. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Muscat Daily
16-07-2025
- Business
- Muscat Daily
Pact to develop wind energy projects in Duqm, Mahout and Sadah
Muscat – OQ Alternative Energy has signed a joint development agreement with Naqaa Sustainable Energy Company to invest in wind energy projects in Duqm in Al Wusta and Mahout and Sadah in Dhofar. The projects are expected to generate up to 1,100 megawatt of electricity using wind turbines manufactured locally by Mawarid Turbine Company. The agreement is part of efforts by OQ Group to support the clean energy transition by developing an integrated value chain and encouraging the growth of national industries. It also aims to support emerging businesses involved in renewable energy, according to an OQ statement. The deal was signed by Said al Masoudi, Chairman of OQ Alternative Energy, and Mustafa bin Mohamed al Hinai, CEO of Naqaa Sustainable Energy Company. The signing took place in the presence of H E Salem bin Nasser al Aufi, Minister of Energy and Minerals. Masoudi said the agreement reflects the government's policy of promoting renewable energy and supporting sustainable development goals. He added that OQ plays a key role as a national investment arm in the energy transition, contributing to electricity grid stability and development of clean energy infrastructure. Hinai said the partnership aligns with national efforts to diversify energy sources and utilise Oman's natural wind resources. In April, OQ Group signed a memorandum of understanding with Mawarid Turbine to establish a manufacturing facility in Special Economic Zone at Duqm. The first phase of the factory will have production capacity of up to 1,000MW a year, with investment exceeding US$200mn. Commercial operations are scheduled to begin in 2026. The plant is expected to be the first of its kind in the region and will support localisation of renewable energy technologies. It is projected to generate more than 1,000 jobs. Mawarid Turbine has partnered with Shanghai Electric Wind Power Group for technology licensing, research and development, and the technical design of manufacturing systems. The collaboration will also provide wind turbines for several pilot farms.
Times of Oman
16-07-2025
- Business
- Times of Oman
OQAE, Naqaa sign pact to develop 1,110MW wind power projects
Muscat: Demonstrating a firm commitment to Oman's clean energy transition and local value creation, OQ Alternative Energy (OQAE) has signed an agreement with Naqaa Sustainable Energy LLC to jointly develop a series of wind power projects across the Wilayats of Duqm, Mahout, and Sadah, located in the Dhofar and Al Wusta governorates, with a capacity of 1,100 MW. The projects will utilise locally manufactured wind turbines from Mawarid Turbine, which is expected to be established in Duqm following a memorandum of cooperation previously signed between OQ and Mawarid Turbine. This partnership aligns with OQ Group's broader efforts to create a fully integrated renewable energy value chain, support local industries by localising know-how, and foster innovation by empowering Omani startups in the green energy space, while maximising in-country value. The signing ceremony took place under the patronage of Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals. The agreement was signed by Eng. Said Mohammed Al Masoudi, Chairman of OQ Alternative Energy, and Mustafa Mohammed Al Hinai, CEO of Naqaa Sustainable Energy. On the occasion, Eng. Said Al Masoudi commented: 'This agreement is a tangible expression of the government's vision to expand renewable energy sources and drive sustainable development across Oman. It reinforces the vital role of OQ as a national investment platform for clean energy solutions, strengthening the electricity grid and addressing the needs of the future through its subsidiary OQ Alternative Energy.' 'We're excited about this partnership with OQAE to develop wind power projects, tapping into Oman's vast wind potential and advancing homegrown innovation. Together, we're advancing local innovation and helping the electricity sector respond more effectively to rising demand, building a resilient and sustainable energy future for generations to come, ' Mustafa Al Hinai, CEO of Naqaa Sustainable Energy added.
