Oman Launches O-Green: How the New Clean-Energy Platform Will Transform Investment Opportunities
MUSCAT: A new state-backed integrated renewable energy company, O-Green, has been launched in Oman, with a mission to localize wind power manufacturing, promote green technology innovation—including battery energy storage—and develop large-scale clean energy projects across Oman and the broader Middle East and North Africa region.
O-Green, an affiliate of the Oman Investment Authority (OIA), was first introduced during the recent official visit of Abdulsalam bin Mohammed al Murshidi, Chairman of the OIA, to Botswana.
During this visit, O-Green entered into a significant agreement with Botswana’s Ministry of Minerals and Energy to establish integrated solar, wind, and battery storage projects, aiming for a total capacity of up to 3 gigawatts (GW). The agreement was signed by O-Green’s CEO, Mustafa bin Mohammed al Hinai.
In a recent statement, Al Hinai highlighted that O-Green combines a network of specialized subsidiaries that focus on various aspects of Oman’s energy transition. “O-Green unites the expertise of specialized companies, each centered on a pivotal segment of renewable energy,” he noted.
As noted on the company’s website, O-Green was established in 2025 to expedite the energy transition by creating an integrated clean energy platform. This platform spans the entire value chain—from concept and design to construction, operation, long-term maintenance, and development of green technologies—while also enhancing local value and national capabilities.
At the heart of O-Green’s initiatives is Naqaa Sustainable Energy, which spearheads the development and execution of large-scale renewable projects. Naqaa operates as a fully integrated green energy provider, encompassing development, engineering, procurement, construction (EPC), generation, transmission, research and development (R&D), and logistics. With a focus on hybrid systems that combine wind, solar, and storage, Naqaa boasts over 1.2 GW of projects currently under execution and more than 10 GW in development across Oman, the Gulf Cooperation Council (GCC), Africa, and the European Union (EU).
Additionally, Mawarid Green Technologies aims to construct the GCC’s first wind turbine manufacturing facility, designed for extreme desert conditions and aligned with Oman’s clean energy goals. The initial phase of this facility, covering 550,000 square meters in the Special Economic Zone at Duqm, represents an investment of approximately RO 70 million, with an anticipated annual manufacturing capacity of around 1,100 MW, focusing on turbine models of 6.25 MW and 9.6 MW developed under a license from Shanghai Electric Group. Mawarid will also provide domestically manufactured Battery Energy Storage System (BESS) solutions.
Completing O-Green’s portfolio is SolarWadi, a pioneer in Oman’s renewable energy sector. Acquired in 2025, SolarWadi operates under Naqaa and is responsible for the development, commissioning, and long-term management of commercial and industrial renewable energy projects within O-Green. The company is also taking the lead in integrating BESS into upcoming projects, facilitating hybrid systems that enhance flexibility and reliability for clients.
Special Analysis by Omanet | Navigate Oman’s Market
The emergence of O-Green signals a pivotal shift in Oman’s energy landscape, opening new avenues for businesses to engage in renewable energy and technology sectors. This initiative not only fosters local manufacturing capabilities but also presents significant investment opportunities in green projects, particularly for those focusing on sustainable development. Smart investors should prioritize exploring the contractual opportunities arising from public-private partnerships, especially in the realms of battery storage and hybrid systems, as government backing ensures strategic stability.
