Muscat – The Public Establishment for Industrial Estates (Madayn), Mubadrah (the investment arm of Madayn) and independent renewable energy company Solar Wadi have signed an agreement to establish a large-scale solar photovoltaic (PV) farm in Sohar.
The companies will construct a 100MW solar PV farm in Suhar Industrial City to be operational by next year, according to a statement issued by Madayn.
The project is part of the overall strategy of Madayn in providing a significant portion of energy needs of its tenants from a sustainable renewable energy source, in line with Oman Vision 2040’s sustainability goals.
The agreement was signed by Eng Musallam bin Mohammed al Shehri, head of operations sector at Madayn; Mustafa al Lawati, CEO of Mubadrah; and Yazan Faouri, CEO of Solar Wadi.
The agreement forms part of the larger overall Madayn Renewable Energy Project initiative which is being undertaken to transform the way the electricity needs of all industrial cities and free zones under Madayn umbrella are being met in order to have a significant portion being powered by renewable solar energy during the day.
Lawati said, “This agreement comes along the lines of the efforts undertaken by Madayn in moving towards more sustainable energy sources and helping to reduce the carbon footprint of the industrial sector in Oman, as set out in Vision 2040, the gateway to Oman becoming a developed nation under the guidance of His Majesty Sultan Haitham bin Tarik.”
He added that the ultimate aim is to provide all Madayn tenants with a saving on their electricity cost while attracting investors to invest into the development of the solar park.
“We are keen to invest alongside Solar Wadi, the main developer for the initiative, into providing sustainable solutions and services that are aimed at allowing all tenants at Suhar Industrial City to take advantage of the many environmental, sustainable and economic benefits from such projects with no investment, guarantees or a major involvement being required from the tenant’s side,” Lawati added.
Faouri said, “The aim of this initiative and collaboration is to enable us to work together in our combined efforts to deliver a sustainable, ecological, more economical, and socially conscious power solution for all tenants at Suhar Industrial City from a renewable energy source.”