O-Green, a renewable energy company in Oman, has announced the successful financial closing of its landmark 93 MW solar power project in Sohar Industrial City, Oman, advancing the country’s renewable energy development.
The development, undertaken in strategic partnership with the Public Establishment for Industrial Estates Madayn, is the largest solar initiative serving industrial zones in the country.
The financial closure was concluded with the National Islamic Bank, underscoring the growing role of sustainable finance in accelerating clean energy infrastructure across Oman.
The achievement reflects strong investor confidence in utility-scale renewable projects aligned with national decarbonization goals.
The solar plant, spread across approximately 1.45 million square meters, has already crossed 60 percent completion. Construction progress includes the installation of nearly 150,000 solar panels across multiple development phases.
Once operational, the facility is expected to supply clean electricity directly to more than 200 industrial and commercial units within Sohar Industrial City, supporting energy efficiency and emissions reduction across key economic sectors.
Commercial operations are scheduled to begin in September 2026. The project is also notable for being the first in Oman to adopt a direct supply model for industrial consumers, enabling on-site renewable energy integration for factories and businesses operating within the industrial estate.
Image via ONA | Cropped by GBN
This model is expected to enhance energy reliability while significantly reducing carbon intensity in industrial production.
In a parallel development, an agreement was signed between Arab Open University and O-Green to establish a dedicated solar power plant on the university campus.
The agreement was signed by Professor Dr. Mohammed bin Hamdan Al-Badi, President of the Arab Open University, on behalf of the institution, and Mustafa bin Mohammed Al-Hinai, Chief Executive Officer of O-Green, representing the company.
O-Green, an integrated renewable energy development platform, currently manages a portfolio exceeding 3.3 GW of power generation projects and more than 2.3 GWh of energy storage capacity.
The company also has over 10 GW of development and early-stage assessment projects in its pipeline, spanning Oman and international markets across Asia, Europe, and Africa.
