The demand for electricity is expected to increase from 7.7 GW in 2019 to 16 GW in 2030. Oman is mainly reliant upon hydrocarbons for power generation. The countr y has a significant potential for renewable energy with one of the world’s highest solar energy densities.
The National Energy Strategy for 2040 foresees 10% of the total energy mix to be supplied by renewable energy sources by 2025.
PV and wind projects are the main drivers of renewable energy in the country. PV and wind projects are the main drivers of renewable energy in the country. These objectives are supported by Oman 2020 Vision and Seven year Development Plan calling for economic diversification and reduced dependency on oil revenues. The share of renewable energy generation objectives has been reviewed to higher targets.
The sultanate has forecast an increase in peak power demand of 53%, reaching 9.96 GW by 2023. Of this total, 11% of electricity generated will come from renewable energy sources. By 2030, renewable energy should account for over 30% of the energy mix.
In May 2017, Oman Authority for Electricity regulation launched Sahim I, allowing large households and businesses to install small grid connected PV systems at their own costs and to sell power back to the grid at prevailing bulk electricity tariff.