MUSCAT: OQ Alternative Energy has signed a joint development agreement with Naqaa Sustainable Energy to invest in multiple wind energy projects across the wilayats of Duqm, Mahout, and Sadah, located in the governorates of Dhofar and Al Wusta. The projects are expected to generate up to 1,100 megawatts using wind turbines locally manufactured by Mawarid Turbine’s upcoming factory in Duqm.
The move forms part of OQ Group’s broader strategy to build an integrated value chain in clean energy, while promoting national industries by localising expertise and supporting startups in the renewable energy space.
The agreement was signed by Eng Saeed bin Mohammed al Masoudi, Chairman of OQ Alternative Energy, and Mustafa bin Mohammed al Hinai, CEO of Naqaa Sustainable Energy, in the presence of Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals.
Al Masoudi stated that the agreement reflects the government’s commitment to advancing renewable energy sources and achieving sustainable development in Oman. He added that the project reinforces OQ’s role as a national investment vehicle in the clean energy transition and its continued development of grid-supporting projects tailored to the country's future energy needs.
Meanwhile, Al Hinai noted that the collaboration aligns with national objectives to diversify energy sources by harnessing Oman’s natural resources. He stressed the importance of enhancing the electricity sector’s ability to meet rising demand in the coming years.
It is worth noting that in April 2025, OQ Group signed a memorandum of understanding with Mawarid Company to establish the Mawarid Turbine factory in Duqm, which will manufacture wind turbines for local and regional projects. — ONA
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