Masdar, in partnership with consortium partners, has achieved financial close for the Ibri III Solar Independent Power Project in Oman, which includes a 500MW solar PV plant and a 100MWh battery energy storage system. The project aims to power 33,000 homes and reduce CO2 emissions by 505,000 tonnes annually, aligning with Oman's goal of sourcing 30% of electricity from renewables by 2030. Major institutions have provided financing for a significant portion of the project costs, marking Oman's first large-scale solar and battery storage project. Masdar's CEO emphasizes the potential of battery energy storage to further expand renewable energy deployment.
https://www.power-technology.com/news/masdar-ibri-iii-power-project/