O-Green Secures Financial Close for 93 MW Solar Project: What This Means for Renewable Energy Investments in Oman
O-Green Celebrates Financial Close for Major Solar Energy Project in Oman
O-Green, a state-sponsored integrated clean energy services company, has announced the financial closure of one of the largest solar energy projects in Oman’s industrial regions. This achievement was commemorated during a ceremony held on May 21, 2026, under the auspices of Mohsen bin Hamad Al Hadhrami, Under-Secretary of the Ministry of Energy and Minerals.
The project involves the construction of a 93 MW solar power plant in Suhar Industrial City, executed in partnership with the Public Establishment for Industrial Estates (Madayn). Once operational, the plant will supply clean energy to over 200 industrial facilities, with commercial operations set to commence in September.
Covering approximately 1.45 million square meters, the project has already surpassed a 60% completion rate, which includes the installation of around 150,000 solar panels across various phases of development.
The financial agreement with Ahli Islamic Bank marks a significant milestone, highlighting the importance of sustainable finance in advancing renewable energy initiatives and enhancing Oman’s clean energy infrastructure.
Notably, this groundbreaking project is the first in the Sultanate to provide solar energy directly to industrial areas, thereby promoting a transition to clean energy, fostering industrial sustainability, and reducing carbon emissions.
In a related development, O-Green has also signed an agreement with the Arab Open University to establish a solar power plant on the university campus. The agreement was signed by Prof. Dr. Mohammed bin Hamdan Al-Badi, President of the Arab Open University, and Mustafa bin Mohammed Al-Hinai, CEO of O-Green.
O-Green is positioned as a comprehensive platform for renewable energy project development, boasting a portfolio of over 3.3 GW in power generation projects and more than 2.3 GWh in energy storage capacity. Additionally, the company has over 10 GW of projects in various stages of development and preliminary assessment, with plans for implementation in Oman and international markets across Asia, Europe, and Africa post-2028.
Special Analysis by Omanet | Navigate Oman’s Market
The launch of O-Green’s 93 MW solar project in Suhar marks a pivotal moment for businesses in Oman, presenting significant opportunities for industrial facilities to transition to sustainable energy sources, ultimately reducing operational costs. Moreover, this initiative aligns with global trends in sustainable finance, creating a favorable environment for investors focused on green technologies. As the demand for renewable energy mounts, entrepreneurs should consider exploring partnerships and ventures that leverage Oman’s evolving clean energy infrastructure.
