Expected ROI of hybrid renewable storage project in Oman 2026

Is Oman ready for a green hydrogen project?

Oman is moving forward with green hydrogen projects, with the first Final Investment Decision (FID) expected in 2026-27. Over the past two years, eight consortiums have been awarded land blocks in central and southern Oman to develop large-scale green hydrogen production.

When is the first Final Investment Decision (FID) in Oman?

Oman – The first Final Investment Decision (FID) is anticipated during the 2026-27 timeframe by one of the consortiums awarded mandates to develop green hydrogen (GH2) projects in the Sultanate of Oman.

How big is Oman's Renewable Hydrogen Project?

A total area of 50,000 km 2 has been reserved for renewables development and renewable hydrogen development in Oman, for the development of 8.5 million tons of renewable hydrogen by 2050, estimated to require 140 billion USD investment. Click to expand. Location of the SalalaH2 project, including key infrastructure.

Where are renewable ammonia projects happening in Oman?

Various consortia are developing renewable ammonia projects in the Duqm region in the middle of Oman, and in the Salalah region, leveraging the hydrogen frameworks set up in Oman over the past few years. Government-owned OQ is an integrated energy company, based out of Oman, with existing industrial assets.

Does Oman have solar & wind power?

Oman’s solar and wind potential, and industrial renewable hydrogen hubs. Source: Hydrom. Oman is an existing ammonia producer, with a combined annual capacity in excess of 1.6 million tons of ammonia from two plants, relying solely on gas as feedstock. But, Oman has some of the best complementary solar and wind potential globally.

Will Oman move from planning to execution?

Speaking at the ‘Together We Progress’ forum, Oman’s Minister of Energy and Minerals, Eng Salim bin Nasser al Aufi, confirmed that the FID would mark the shift from planning to execution. He also stated that Oman would continue oil production and exports as long as costs remain below global market prices.