The consortium of Abu Dhabi Future Energy Company (Masdar), Korea Midland Power (KOMIPO) and Al Khadra Partners (Oman) has been named the winner of an international competitive tender for the establishment of a new 500 MW solar Independent Power Project (IPP) at the Wilayat of Ibri in the Sultanate of Oman’s Al Dhahirah Governorate.

A Power Purchase Agreement (PPA) for the Ibri III IPP is scheduled to be signed tomorrow, Monday, September 22, 2025 between the winning consortium and Nama Power & Water Procurement (PWP) — the sole national agency overseeing the procurement of new capacity. The event will be held under the auspices of Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals.

Scheduled for commercial launch in the first quarter of 2027, the Ibri III Solar IPP is set to be the fourth large-scale solar energy project prepped for implementation in Oman. It will come up on a 10 million m² site adjoining the 500 MW capacity Ibri II Solar IPP — the country’s first solar PV scheme that came into operation in January 2022.

The Masdar-led consortium led a field of four contender for the Ibri III Solar IPP, estimated to cost RO 155 million. Also competing for the contract were ACWA Power and TotalEnergies Renewables; EDF Renouvelables and Korean Western Power (KOWEPO); and Sembcorp Utilities.

A flurry of wind and other solar-based projects are in the pipeline for implementation across the Sultanate of Oman over the next six years. They are key to Oman’s strategic goal to secure 30 per cent of its electricity requirements from renewables by 2030, rising to 60–70 per cent by 2040 and reaching ultimately 100 per cent by 2050. In capacity terms, Oman’s renewable energy capacity is anticipated to reach 8 gigawatts by 2030.

At least five Wind IPPs with an aggregate capacity of around 1 GW are planned for location in Jaalan Bani Bu Ali, Al Duqm, Mahout, Harweel and Sadah. Also envisioned is a swathe of new Solar IPPs with a capacity aggregating around 4.5 GW over the next six years.