Chinese Firm EGN and Oman Partner on Solar Ventures: What This Means for Investors and Business Growth in Oman

• By CONRAD PRABHU
• August 26, 2025August 27, 2025
• clean energy Oman Investments solar energy
• With 0 comments

MUSCAT, AUG 26 — Chinese clean energy company Central New Energy Holding Group has signed a Memorandum of Understanding (MoU) with international power infrastructure firm EGN Ltd to collaborate on investing in and developing solar energy projects in Oman, with potential plans for local photovoltaic module manufacturing.

This agreement reflects a growing wave of predominantly Chinese investments in Oman’s expanding clean energy manufacturing sector, which includes the production of solar panels, wind turbines, electrolysers, and related equipment.

The announcement was made public earlier this week through a filing by Central New Energy Holding Group to the Hong Kong Stock Exchange. The group is a diversified enterprise engaged in green building photovoltaic integration, new energy and engineering, property management services, smart logistics, and other areas.

EGN Ltd, incorporated in the Cayman Islands and focused on clean energy power infrastructure, operates large-scale data centers worldwide, including in the US, Latin America, and Asia. The company has an established presence in Oman, a growing hub for traditional data centers and data mining facilities.

Under the MoU, EGN will lead the development of an integrated “generation-grid-load-storage” green energy project in Oman, incorporating data centers. Central New Energy Holding will provide investment, construction, and operation of photovoltaic power plants alongside integrated energy management services.

Importantly, both partners will support technology research and development and promote industrial localisation. Central New Energy Holding, together with its upstream and downstream partners, plans to invest in establishing green energy component production bases in Oman to enable local manufacturing. This effort also includes training local talent and contributing to the development of industrial technical standards within the Sultanate.

Additionally, the parties may explore further projects, including joint ventures and other collaboration models, to create regional demonstration projects and expedite implementation. They will also pursue diverse financing channels, such as medium- to long-term policy-based funding in Oman, international funds, green bonds, and joint investment funds.

The MoU highlights their joint ambition to build a collaborative industrial ecosystem and advance the development of upstream and downstream industry clusters.

Commenting on the MoU, CHG EnSOL Renewable Technology Co Ltd, a wholly owned subsidiary of Central New Energy Holding Group, said: “In line with principles of equality, mutual benefit, industrial synergy, and coordinated development, the parties will jointly invest in photovoltaic power plant projects, establish photovoltaic module production capacity, and pioneer a new model integrating green energy with the digital economy. This initiative aims to achieve mutual growth and win-win outcomes.”

Special Analysis by Omanet | Navigate Oman’s Market

The MoU between Central New Energy Holding Group and EGN Ltd signals a strategic leap for Oman’s clean energy sector, blending renewable power with advanced data infrastructure. For businesses, this creates opportunities to integrate green technology with digital innovation, while smart investors should consider the rising potential in localized clean energy manufacturing and industrial ecosystems. However, success depends on navigating evolving regulatory frameworks and leveraging emerging financing channels to fuel sustainable growth.