Oman's green energy policy to drive low-carbon shift
MUSCAT: A key policy issued by the Ministry of Energy and Minerals recently, enabling the self-generation and direct sale of electricity from renewable sources, has been described as a strategic catalyst in Oman's shift towards a low-carbon future.
Eng Mohsin al Hadhrami, Under-Secretary of the Ministry of Energy and Minerals, hailed the regulation, titled 'The Policy on the Use of Renewable Energy for Self-Generation and Direct Sale of Electricity' as 'strategic stride to accelerate the transformation of the energy sector and amplify the contributions of renewable sources to the national energy mix.'
In an interview featured in 'Wealth', the monthly newsletter of the Ministry, Al Hadhrami represents a bold effort by the government to further liberalise Oman's electricity market. Per this policy, eligible generators can sell output from renewable sources, chiefly solar and wind, directly to eligible consumers (typically large industrial and commercial entities), without the need to engage with the country's sole offtaker, Nama Power and Water Procurement Company. The policy outlines a regulatory framework governing the transit of electricity through the national grid, ensuring stability and operational efficiency.
Mohsin al Hadhrami
Importantly, the policy sets out a clear pathway for small-scale users, notably households and farms, to consider self-generation to support their individual energy requirements. Any surplus generation can be potentially monetised as well.
For investors and developers, the policy unlocks the possibility of entering into direct contracts with consumers—a paradigm shift that is expected to spur innovation and give rise to new business models in the energy space.
'From an investment perspective, the policy represents a golden opportunity to attract both foreign and domestic capital, as the Sultanate of Oman offers a transparent legislative environment and robust investment incentives,' the Under-Secretary said.
'This strategic alignment is concordant with Oman Vision 2040, which sets forth targets for the generation of 30% to 40% of electricity from renewable sources by 2030, mounting to 60% to 70% by 2040. These efforts are consistent with global endeavors to reduce carbon emissions, as well as the Sultanate's own vision to increase the share of renewable energy and enhance energy efficiency by 2030.'
Additionally, the policy is expected to spark a wave of industrial investments and technological investments, according to the official. It promises to open up new avenues for local enterprises in sectors such as solar panel manufacturing, energy storage, and green technology development. This local value creation is critical to Oman's broader economic diversification strategy, reducing reliance on fossil fuels while nurturing a homegrown green economy.
In essence, the policy represents a strategic step towards a sustainable and low-carbon economy towards a sustainable and low-carbon economic paradigm, wherein environmental imperatives are seamlessly integrated with avenues for investment, all within the framework of an ambitious national vision that anticipates a green and prosperous future.
It solidifies Oman's position as a key nexus in the future of green energy in the region and the world, he added in conclusion.
2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
8 hours ago
- Khaleej Times
Ajman Department of Land and Real Estate Regulation and Ajman Bank sign strategic MoU
The Ajman Department of Land and Real Estate Regulation has signed a Memorandum of Understanding (MoU) with Ajman Bank, marking a new chapter of collaboration aimed at advancing financial integration and enhancing banking services through innovative and digital-first solutions. The agreement was signed by Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, and Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank. Commenting on the signing, Eng. Omar bin Omair Al Muhairi stated: 'This strategic partnership with Ajman Bank reflects our commitment to advancing the department's digital capabilities and streamlining financial performance. Ajman Bank plays a vital role in supporting our ongoing efforts to build an agile, tech-enabled regulatory environment that responds effectively to the needs of real estate developers and investors.' He further added that through this collaboration, the department will gain access to comprehensive, periodic reports on escrow accounts, enabling greater oversight of real estate development performance. The partnership also paves the way for more seamless financial transactions across stakeholder groups, reducing procedural complexity and delivering future-ready services grounded in speed, privacy, and operational excellence. Mustafa Al Khalfawi, CEO of Ajman Bank, commented: 'At Ajman Bank, we believe in the power of institutional collaboration to elevate the quality of financial services. This agreement reflects our shared vision of trust, integration, and efficiency, and supports Ajman's positioning as a competitive and investment-friendly emirate.' This partnership serves as a model for effective synergy between regulatory bodies and the financial sector, setting the stage for a more stable, transparent, and investor-centric real estate ecosystem in Ajman.
Zawya
9 hours ago
- Zawya
Saudia launches flights to Al Alamein and Salalah
Jeddah: Saudia, the national flag carrier of Saudi Arabia, has officially launched flights to Al Alamein in Egypt and Salalah in Oman. The new Al Alamein route marks Saudia's fourth destination in Egypt, which now operates three weekly flights from King Abdulaziz International Airport in Jeddah in each direction, in addition to three weekly flights from King Khalid International Airport in Riyadh. Saudia has also inaugurated flights from Jeddah to Salalah in Oman, marking the airline's second destination in the country following Muscat. The route operates with three weekly flights in each direction. Both new destinations are operated by Airbus A320 aircraft, renowned for their operational efficiency and onboard amenities, including comfortable seating and a wide range of in-flight entertainment options, designed to enhance the overall guest experience. Saudia continues this growth with a modern fleet of 147 aircraft and plans to add 118 more in the coming years. This expansion is complemented by innovative efforts to elevate guest experience, using advanced AI technologies and the latest developments in ground and in-flight services. -Ends- About Saudia: Saudia (Saudia Airlines) is the national flag carrier of the Kingdom of Saudi Arabia. Established in 1945, the company has grown to become one of the Middle East's largest airlines. Saudia has invested significantly in upgrading its aircraft and currently operates one of the youngest fleet, with 147 aircraft. The airline serves an extensive global route network covering around 100 destinations across four continents, including all 28 domestic airports in Saudi Arabia. A member of the International Air Transport Association (IATA) and the Arab Air Carriers Organization (AACO), Saudia has also been a member airline in SkyTeam, the second largest alliance, since 2012. Saudia was recently awarded the "World Class Airline 2025" for the fourth consecutive year at The APEX Official Airline Ratings™ awards. Saudia has also advanced 11 places in the Skytrax airlines ranking of the World Best Airlines 2023. The Airline also ranked top among global airlines for best on-time performance (OTP) according to a report by Cirium. For more information on Saudia, please visit
Zawya
9 hours ago
- Zawya
Netaj launches Nawat: Iraq's first venture capital studio empowering the next generation of founders
Baghdad, Iraq – Netaj, Iraq's leading innovation and entrepreneurship platform, proudly announces the official launch of Nawat, the country's first-ever Venture Capital (VC) Studio, marking a milestone in Iraq's evolving startup ecosystem. Nawat, Netaj's VC Studio, is designed to identify, support, and invest in high-potential Iraqi startups through a tailored 6-month journey that combines mentorship, product development, market access, and funding readiness. 'Nawat is a movement to reimagine how startups are built and backed in Iraq,' said Wissam Mattout, CEO of Netaj. 'We are bridging the gap between raw talent and structured capital, offering founders a launchpad to scale both locally and globally.' 'For too long, Iraqi entrepreneurs have had to build in isolation,' added Mattout. 'Nawat will equip them with the expertise, tools, and capital they need, not just to survive, but to lead the next wave of innovation in the region.' A Studio Model Built Locally Unlike one-size-fits-all traditional accelerators, the VC studio model takes a hands-on, co-building approach, allowing Netaj to work closely with founders from idea validation to product-market fit, and ultimately, investment. The studio is open to 40 startups, segmented across three tracks: • Ideation stage • MVP/Prototype stage • Early-established startups Each startup receives customized support, including expert-led bootcamps, one-on-one consultations, mentorship from industry veterans, and direct access to investors through demo days and curated matchmaking. 'This is Iraq's moment,' said Mattout. 'If we want to build serious startups, we need serious infrastructure. Nawat is the missing puzzle piece — designed for founders, by founders.' Strategic Investment + In-Kind Support Nawat offers a hybrid investment model, combining: • In-kind investment (product development, branding, digital tools) valued between $10K–$25K. • Direct financial investment ranging from $25K–$250K using convertible notes or equity. Netaj aims to invest in the top 5–10 startups that demonstrate traction, scalability, and founder commitment to operational growth. A New Era for Iraqi Startups With its headquarters in Baghdad's Jadriyah district, Netaj has positioned itself as a central hub for entrepreneurship in Iraq. Through Nawat, it seeks to nurture and back founders who are problem-driven, market-ready, and positioned for regional and ultimately global expansion. The launch of Nawat arrives at a time when the Iraqi private sector is in urgent need of innovation-driven ventures, digital solutions, and youth-led economic activity. About Netaj Netaj is a Baghdad-based innovation firm that offers venture support, strategic consulting, and capability-building for entrepreneurs and institutions. Its mission is to build a thriving entrepreneurial ecosystem across Iraq through hands-on programs, access to capital, and long-term partnerships. For press inquiries and interviews, contact: media@ | IG: @ | LinkedIn: Netaj
