OQ Alternative Energy, the renewables and hydrogen subsidiary of Oman state energy firm OQ, will be allocated a stake of “up to 25% stake in all future renewable energy projects” planned by state offtaker Nama Power and Water Procurement, according to OQ’s 2024 report published 14 April.
Nama plans to add just over 2GW in new solar and wind capacity by 2028 on top of the existing 1.55GW currently online after the startup of 1GW of solar power in January (MEES, 24 January). (CONTINUED - 79 WORDS)