
Oman's renewable energy doubles in 5 months
According to Nama Power and Water Procurement Company (PWP), the sole procurer of electricity and water capacity in the Sultanate, renewable energy—mainly from solar sources—accounted for 1.88 terawatt-hours (TWh) during the January–May 2025 period compared with total renewable output of 2.4 TWh for the whole of 2024.
Around 89,840 households were supplied with clean electricity during the five-month period, resulting in annualised emissions reductions of approximately 617,300 tonnes, Nama PWP said.
This rapid increase in renewable generation supports the Omani government's strategy to achieve a clean energy share of around 30–40 per cent of total generation capacity by 2030, rising to 60–70 per cent by 2040. The target is for 100 per cent clean energy generation capacity by 2050.
In the next phase of renewable energy development, Oman is shifting its focus to wind power, with five wind farms—together representing over one gigawatt (GW) of capacity—currently under competitive tendering, overseen by Nama PWP.
These projects are planned for Jaalan Bani Bu Ali, Duqm, Mahoot, Dhofar, and Sadah. The total investment in these Independent Power Projects (IPPs) is estimated at around 450 million Omani rials ($1.2 billion).
(Writing by Nadim Kawach; Editing by Anoop Menon)
(anoop.menon@lseg.com)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Khaleej Times
20 minutes ago
- Khaleej Times
Fajar Realty CEO wins India influencer award in Dubai
Kiran Khawaja, a prominent figure in Dubai's real estate sector, was honoured as the 'Top Business Leader – Real Estate Excellence Icon' at the India International Influencer Awards, in Dubai. The award recognized her contributions and leadership in the real estate industry. Kiran Khawaja has transformed Ras Al Khaimah (RAK) into a red-hot property destination, drawing attention from investors across the Middle East. She has carved a unique niche in the regional property sector. Her leadership and strategic foresight continue to set her apart from others in the field. Kiran, who is the CEO of Fajar Realty, said: 'I am pleased and deeply honoured to be recognized as the 'Top Business Leader – Real Estate Excellence Icon.' With Dubai consistently setting monthly property records and emirates like Ras Al Khaimah attracting first-time investors, the UAE's real estate market is experiencing sustained growth. This is a strong indication that RAK is poised for remarkable development in the coming months.' Kiran has consistently been in the spotlight, earning accolades throughout her 19-year journey in the industry. Under Kiran's dynamic leadership, Fajar Realty has expanded significantly not just in Dubai, but internationally. Her vision continues to guide the company through the evolving challenges of the UAE real estate market, positioning her and her brand for even greater success.

The National
an hour ago
- The National
White House AI chief says Biden hurt Gulf AI ambitions
The White House cryptocurrency and artificial intelligence adviser has blamed the Biden administration for stifling Middle East technology ambitions, particularly in the AI space. David Sacks made the comments on Tuesday during a round-table discussion at the Pennsylvania Energy and AI Summit, which President Donald Trump is scheduled to attend. He said former president Joe Biden's push to increase export controls that limited access to processing units deemed critical to pro-AI countries such as the UAE that are seeking to be leaders in the sector. Those export controls sought to prevent countries such as China from taking the lead in the AI arena but other nations, many of them US allies, were disproportionately affected by the policies. 'We already have hostile relations with a country on one side of the Persian Gulf,' Mr Sacks said, referring to Iran. 'Do we have to alienate everybody?' Alleviating some of these concerns, however, was Mr Trump's announcement in May during a visit to the UAE of a partnership in the form of a new 5-gigawatt UAE-US AI campus. Proponents of the deal highlighted security guarantees that would prevent the misuse of US technology, CPUs and GPUs. 'I know that our Gulf state partners will honour our security agreement,' Mr Sacks said. He added that stories of chip smuggling to other countries were overblown and oversimplified. 'The stories give people the impression that the chips are like diamonds in a briefcase that can be smuggled,' he explained. 'They're not, they're mainframe computers, it's not easy.' Mr Sacks added that inspectors can easily keep track of servers at data centres to ensure that US technology is accounted for. He also accused the Biden administration of placing too many burdens on US tech companies with the executive order that sought to put guardrails on AI development by emphasising data privacy and labour protection. Mr Sacks pointed out that in the days after inauguration, Mr Trump rescinded Mr Biden's executive order. Ahead of the conference, Nvidia, which has been a vocal critic of export control policies under the Biden administration, announced that following meetings with Mr Trump and other US officials, the company would soon be able to sell its Nvidia H20 GPU in China again. 'Nvidia hopes to start deliveries soon,' the company said. Also taking part in the summit was Khaldoon Al Mubarak, managing director and chief executive of UAE-based Mubadala Investment Company, who highlighted Mubadala's push to have an AI member as a consultant on its investment committee. 'The AI co-pilot that sits with us in the committee with all the board members, and all the investment committee members, obviously get to interact directly agent,' he said. Mr Al Mubarak said the UAE's economic history – from the rise and fall of the pearl industry that preceded a boom in oil and natural gas that helped propel the country to unprecedented prosperity – serves as a compass as it navigates its AI ambitions. 'At some point, this [oil and gas] was going to be disrupted, and I think that was the wise approach that our leadership and my government took,' he said, pointing out the UAE's push over the last decade to invest in AI. Mr Al Mubarak highlighted the creation of the UAE's Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) – where he currently serves as chairman of the board of trustees – in 2019 as proof the country was ahead of the curve in identifying AI as an economic game-changer.


Arabian Business
an hour ago
- Arabian Business
Saudi inflation holds steady at 2.3% in June 2025 as consumer and wholesale prices stabilise
Saudi Arabia's inflation rate remained stable at 2.3 per cent in June 2025 compared to the same month in 2024, according to the latest data released by the General Authority for Statistics (GASTAT). On a monthly basis, the Consumer Price Index (CPI) also showed no significant movement, holding steady with a 0.2 per cent increase from May 2025. The CPI tracks changes in the prices paid by consumers for a basket of 490 goods and services, compiled using data from the 2018 Household Income and Expenditure Survey. Saudi inflation 2025 The Wholesale Price Index (WPI), which measures changes in prices at the producer level, remained relatively stable at 2.1 per cent year-on-year. However, it saw a slight monthly decline of 0.1 per cent in June. Annual CPI (June 2025 vs June 2024): 2.3 per cent Monthly CPI (June 2025 vs May 2025): 0.2 per cent Annual WPI: 2.1 per cent Monthly WPI change: -0.1 per cent The stability in both consumer and wholesale prices suggests that the Kingdom is maintaining effective inflation control measures, even as other global economies continue to grapple with price volatility and cost-of-living concerns.