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class="jeg_container"><div class="jeg_content jeg_singlepage"><div class="container"><div class="jeg_ad jeg_article jnews_article_top_ads"><div class='ads-wrapper '></div></div><div class="row"><div class="jeg_main_content col-md-8"><div class="jeg_inner_content"><div class="jeg_breadcrumbs jeg_breadcrumb_container"><div id="breadcrumbs"><span class=""> <a href="https://www.ifpinfo.com">Home</a> </span><i class="fa fa-angle-right"></i><span class="breadcrumb_last_link"> <a href="https://www.ifpinfo.com/category/energy/">Energy</a> </span></div></div><div class="entry-header"><h1 class="jeg_post_title">Oman: Emerging Green Energy Hub</h1><div class="jeg_meta_container"><div class="jeg_post_meta jeg_post_meta_1"><div class="meta_left"><div class="jeg_meta_date"> <a href="https://www.ifpinfo.com/oman-emerging-green-energy-hub/">November 20, 2024</a></div><div class="jeg_meta_category"> <span><span class="meta_text">in</span> <a href="https://www.ifpinfo.com/category/energy/" rel="category tag">Energy</a>, <a href="https://www.ifpinfo.com/category/agrofood/environment/" rel="category tag">Environment</a> </span></div></div><div class="meta_right"><div class="jeg_meta_comment"><a href="https://www.ifpinfo.com/oman-emerging-green-energy-hub/#respond"><i class="fa fa-comment-o"></i> 0</a></div></div></div></div></div><div class="jeg_featured featured_image"><a href="https://www.ifpinfo.com/wp-content/uploads/2024/11/1398948224.webp"><div class="thumbnail-container animate-lazy" style="padding-bottom:50%"><img width="750" height="375" src="https://www.ifpinfo.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-750x375 size-jnews-750x375 lazyload wp-post-image" alt="Oman: Emerging Green Energy Hub" decoding="async" loading="lazy" data-src="https://www.ifpinfo.com/wp-content/uploads/2024/11/1398948224-750x375.webp" data-sizes="auto" data-srcset="https://www.ifpinfo.com/wp-content/uploads/2024/11/1398948224-750x375.webp 750w, 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class="jeg_share_float_container"></div></div><div class="content-inner "><p>Oman is poised to attract $49 billion in investments into its burgeoning green hydrogen sector, as reported by the <em>Oman Daily Observer</em>. Once a newcomer to the global green energy scene, Oman is now recognized as a frontrunner in this transformative sector within the Middle East.</p><p>This recognition includes a ranking by the International Energy Agency (IEA), which highlights Oman as one of the few regional nations set to exceed their national hydrogen production goals. Oman plans to install enough solar and wind capacity to power electrolyzers capable of producing at least 1 million tonnes of green hydrogen annually by 2030, with production expected to reach 1.38 million tonnes by then and scale to 7.5–8 million tonnes per annum by 2050, backed by $140 billion in total investments.</p><p>The country’s renewable energy capacity, currently around 700 MW, is forecasted to grow to nearly 3 GW by 2025 and 4.5 GW by 2030. This increase will elevate renewables’ share of total power generation from 3% today to 30% by decade’s end, bolstered by five onshore wind power projects contributing 1 GW.</p><h3>Comprehensive Energy Transition Strategy</h3><p>Oman’s green hydrogen ambitions are part of a broader strategy to achieve net-zero emissions by 2050. Key pillars include energy efficiency, renewable energy, a hydrogen-powered economy, green mobility, and carbon capture and utilization. The Ministry of Energy and Minerals has identified objectives such as ensuring energy security, promoting decarbonization, building local capacity, and maintaining Oman’s global competitiveness.</p><p>To maximize economic benefits, the government has initiated localization efforts. A Green Hydrogen Ecosystem Readiness Laboratory recently brought together Omani experts to develop proposals for manufacturing the hardware needed for hydrogen projects, including 300 million solar panels, over 10,000 wind turbines, and 5,200 electrolyzers by 2050.</p><h3>Expanding Industrial and International Partnerships</h3><p>The localization strategy also envisions the development of forward-connected industries, such as wind turbine component production, solar PV assembly, and electrolyzer manufacturing. It projects significant material demands through 2050, including 44 million tonnes of concrete, 25 million tonnes of steel, and 950 kilotonnes of plastics annually.</p><p>International partnerships are vital to this effort. For instance:</p><ul><li><strong>China’s Jietai New Energy Technology Co.</strong> is investing $700 million in a solar cell manufacturing facility in Sohar Freezone, with a capacity of 5 GW annually, set to complete by 2025.</li><li><strong>United Solar Polysilicon (FZC) SPC</strong> is developing a $1.6 billion polysilicon plant, critical for solar cell production.</li><li>The <strong>Oman Investment Authority</strong> and <strong>Siemens Energy</strong> are exploring local electrolyzer manufacturing to support hydrogen production.</li></ul><p>These initiatives represent foundational steps in Oman’s journey to becoming a leader in green energy production and a key player in global sustainability efforts.</p></div><div class="jeg_share_bottom_container"></div></div><div class="jeg_ad jeg_article jnews_content_bottom_ads "><div class='ads-wrapper '></div></div><div class="jnews_prev_next_container"><div class="jeg_prevnext_post"> <a 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