In a major milestone for renewable energy development in the Middle East, Oman will build the GCC’s first large-scale wind farm. Abu Dhabi’s renewable energy company, Masdar, has signed an agreement with the Rural Areas Electricity Company of Oman (RAECO) to build the region’s first large-scale wind farm, titled The Dhofar.
With General Electric and Spain’s TSK on board, and the Abu Dhabi Fund for Development (ADFD) handling the finances, the long-awaited project—of an undisclosed cost—is finally good to go.
Tapping into the Untapped
When it comes to renewable energy, the MENA region has a lot untapped potential. From solar to wind energy, the current renewable energy projects have barely scratched the surface of what is possible. Renewable energy sources are abundant in the MENA region. Yet, lacking the technical know-how is often an obstacle for utilizing those resources.
With extensive expertise in this field, companies such as Masdar can help close the gap. After signing the agreement with RAECO, Masdar's CEO, Mohamed Jameel Al Ramahi, said:
“Oman has immense untapped potential in renewable energy, particularly in solar and wind. Masdar is proud to be supporting the historically close ties between the UAE and the Sultanate by providing our experience and expertise from delivering cutting-edge renewable energy solutions across the world. The Dhofar Wind Power Project will play an important role in supporting the diversification of Oman’s energy mix while providing a reliable source of clean power to serve its growing population and economy.”
After the 2014 oil crisis, many GCC countries have started to focus on renewable energy. Oman taking big steps towards renewable energy sources. Being the largest Arab oil producer outside OPEC, this is definitely a positive sign for the entire region.
Besides providing a renewable energy source for more than 16,000 in the Omani province of Dhofar, the project will also reduce pollution. The new wind farm will additionally offset 110,000 tons of carbon dioxide emissions annually.
A Race to the Future
Renewable energy is, without a doubt, the future of global energy, and the technology is already here to see it through. According to the National Renewable Energy Laboratory, with the technology that is commercially available today, an 80% renewable energy target is achievable by 2050.
Renewable energy sources will soon become the main source of global energy. Non-renewable fossil energies are becoming relics of the past, along with its users.
Given that wide-scale adoption of renewable energy is inevitable, Masdar is investing in the future.
Photo credit: Ventures Onsite