As reported by Mmegi a fortnight ago, Omani green energy firm, Naqaa Sustainable Energy LLC, has been awarded the contract to design, finance, build, own, operate, maintain and decommission the 500MW plant over a period of 25 years. The envisaged solar power plant will feature the country’s first utility scale Battery Energy Storage System (BESS), which will allow for the storage of electricity and its strategic dispersal into the grid.
Naqaa Sustainable Energy is a subsidiary of O-Green which in turn is backed by the Oman Investment Authority, a sovereign wealth fund with assets above $53 billion.
