O-Green has achieved the financial close for the largest solar energy project serving industrial cities in the Sultanate of Oman, marking a major milestone in the country’s renewable energy transition.
The financial close ceremony was held under the auspices of Mohsin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals.
The landmark 93MW solar power project is being developed in partnership with Public Establishment for Industrial Estates (Madayn) at Sohar Industrial City. The project is designed to provide clean energy to more than 200 industrial facilities operating within the industrial city.
The project is being financed through Ahli Islamic Bank, with the financial close reinforcing the growing role of sustainable finance in supporting large-scale renewable energy infrastructure developments across Oman.
Spanning approximately 1.45 million square meters, the solar facility has already achieved more than 60% completion, including the installation of nearly 150,000 solar panels across multiple construction phases. Commercial operations are expected to commence in September 2026.
The Sohar solar development represents the first project in Oman to supply industrial cities with solar power under a direct supply model to industrial facilities, supporting industrial sustainability initiatives while contributing to carbon emission reduction targets.
As part of the event, O-Green also signed an agreement with Arab Open University to establish a solar power generation plant at the university campus. The agreement was signed by Prof. Mohamed Hamdan Al Badi on behalf of the university and Mustafa Mohammed Al Hinai on behalf of O-Green.
O-Green is an integrated renewable energy platform with a portfolio exceeding 3.3GW of power generation projects and more than 2.3GWh of energy storage capacity. The company is also advancing over 10GW of renewable energy opportunities targeted for implementation beyond 2028, including projects across Oman as well as international developments in Asia, Europe, and Africa.
