O-Green secures financing and reaches financial close for 93 MW solar project in Oman’s Suhar Industrial City
Type: Financing · Technology: Solar · Country: Oman · Capacity: 93 MW · Announced: 2026-05-22
O-Green, an Omani clean energy company, achieved financial close for a 93 MW solar photovoltaic project located in Suhar Industrial City, marking Oman’s first solar initiative directly supplying power to an industrial zone. The project, with construction already over 60% complete, is scheduled to commence operations by September 2026, delivering renewable electricity to industrial consumers and displacing conventional energy sources. By integrating solar power into Suhar Industrial City’s energy mix, the project aims to reduce carbon emissions and enhance energy security for Oman’s industrial sector. Financial closure was secured through a structured financing arrangement involving unnamed lenders and stakeholders aligned with Oman’s renewable energy goals. The initiative underscores Oman’s commitment to diversifying its energy portfolio and accelerating its transition toward sustainable industrial development.
Counterparties
- Suhar Industrial City (Offtaker)
- O-Green (Developer)
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