OQAE targets FID on 2 GW of renewables by year-end
OQ Alternative Energy (OQAE), the clean-energy investment arm of OQ Group, expects to reach final investment decisions (FID) on new renewable-energy projects totaling around 2 gigawatts before the end of the year, as part of a broader portfolio aimed at supporting Oman’s decarbonization goals. The planned capacity—mainly solar PV—builds on three renewable projects that recently entered the construction phase within Petroleum Development Oman’s (PDO) Block 6 concession.
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