The Middle Eastern country has signed an agreement with the energy giant to support clean fuels by 2030.
Oman has announced that it has reached an agreement with BP, in which the energy giant will support the country’s development of mega-gigawatts of hydrogen and renewable energy by 2030.
The agreement was signed between the company and the Ministry of Energy and Minerals of Oman.
This agreement will allow BP to capture and evaluate solar and wind power data over 8,000 square kilometers of land. This size of land is an area five times larger than the size of Greater London. The objective will be to help the country’s government approve the potential development of clean energy poles in the region of solar and wind farms.
This clean energy could also be used to power the production of renewable hydrogen for domestic and export markets.
“These projects will build on our gas business and bring together wind, solar and green hydrogen in a distinct and integrated manner, supporting Oman’s low-carbon energy goals,” said Bernard Looney, CEO of BP. , in a press release.
The renewable hydrogen agreement will also allow BP and Oman to consider further collaborations.
The terms of the new agreement allow the country and the energy major to consider other areas in which they might want to collaborate, such as solar and wind strategy and regulation, as well as the installation of a power pole. ‘clean energy. It could also open the door to the development and retraining of the local workforce.
Mohammed Al Rumhy, Omani Minister of Energy and Minerals, said this new agreement with BP represents an important step towards achieving the country’s Vision 2040, which involves the intention to increase the share of renewable energy in Oman’s total energy mix. The objective is to increase it to 35 to 39% by 2040.
“Today’s agreement signals the next step in our energy journey – unlocking Oman’s potential as a low-carbon energy hub,” said Al Rumhy. Oman has a substantial opportunity for renewable hydrogen production based on this agreement, if the installation of solar and wind farms proves successful. The country has already unveiled plans to open a green H2 complex powered by 25 GW of solar and wind power.
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