Oman’s energy ministery has dubbed state firm OQ Alternative Energy (OQAE) the “national champion for renewable energy.” Its purpose is distinct from state offtaker Nama Power and Water Procurement (Nama PWP), which is working with international consortia to develop projects to raise renewable capacity from 1.55GW to 5.1GW by 2030 (MEES, 23 May). Instead, OQAE is working with upstream oil and gas firms, industrial companies, and green hydrogen developers to provide renewable power capacity for their operations.
“OQ Alternative Energy has been tasked with two main roles. First, we are the national champion for developing renewable projects in the country for industrial or direct sales – essentially B2B agreements,” acting CEO Ghalib al-Maamari said at the recent Green Hydrogen Summit Oman as quoted by local daily Oman Observer. The second role is in the green hydrogen sector where it is “the co-developer of three large-scale projects with international partners” to “develop projects that return value to our shareholder—the state of Oman.” (CONTINUED – 733 WORDS)
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