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As the world grapples with the urgent need to transition to cleaner energy sources, the oil industry is not left behind in this quest. A groundbreaking technology, Solar Thermal Enhanced Oil Recovery (STEOR), is set to revolutionize the oil extraction process, offering a sustainable and cost-effective solution. This innovative technology harnesses the power of the …
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Oman, a country blessed with abundant sunshine, has immense potential to harness solar power as a sustainable energy source. With the global shift towards renewable energy, the Sultanate is increasingly focusing on solar power to diversify its energy mix and reduce its dependence on fossil fuels. This transition is not only crucial for the nation’s …
A first-of-its-kind Concentrated Solar Power (CSP) project is envisioned for development near Duqm in Al Wusta Governorate as part of Oman’s pivot away from gas-powered electricity generation to renewables-based sources. The initiative, subject to the findings of a feasibility study, will add to a mixed portfolio of renewable resources and technologies being explored by the …
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GlassPoint Solar, a venture capital startup that focuses on the use of solar energy for steam generation in heavy oil production, has gone into liquidation after taking a hit by the COVID-19 crisis. The proceedings were announced by Oman’s State General Reserve Fund (SGRF), which is a shareholder in the company with a 31% stake. …
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A renewable energy development plan unveiled recently by the Oman Power and Water Procurement Company (OPWP) the sole buyer of electricity in the Sultanate envisions the procurement of 3,050 megawatts (MW) of renewables-based capacity by 2025, representing 16 per cent of total electricity output by this timeframe. This compares with a minimum 10 per cent …
Oman Power and Water Procurement Company (OPWP) is considering the establishment of the sultanate’s first solar thermal project, a concentrated solar power (CSP) plant in Duqm that will be built if an existing proposal for a clean coal independent power producer (IPP) project in the area does not receive government approval before end-2019. The CSP …
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The Oman Power and Water Procurement Company (OPWP) — the sole procurer of new electricity and water capacity under the Sector Law — is mulling plans to set up the first-ever solar thermal project to support the future energy requirements of the Special Economic Zone (SEZ) at Duqm. The concentrated solar power plant will only …
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Developers of large-scale renewable energy projects in the Gulf Cooperation Council (GCC) must use innovative financing structures to minimize costs amid a growing demand for funding, the International Renewable Energy Agency (IRENA) said in a report on the Middle East region, published January 15. The GCC members are Saudi Arabia, Kuwait, the United Arab Emirates, …
MMEC Mannesmann, a leading German engineering contractor in the field of petroleum coke calcining partners with ACWA Power, the leading developer, owner, and operator of power generation and water desalination plants, to develop the ‘Sohar Calciner’ project in Oman. The state-of-the-art plant will be the first of its kind in Oman and will aim to …
Concentrated Solar Power (CSP) projects — involving the use of mirrors in place of photovoltaic (PV) panels in the electricity generation process — will be part of a sizable portfolio of utility-scale renewable energy schemes envisaged for development in the Sultanate in the coming years. According to a key official of Oman Power and Water …
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