European Investors Developing 400 MW Of Solar In Oman

Posted by SI Staff on January 17, 2012 No Comments
Categories : Projects & Contracts

Two Europe-based investment funds, Switzerland-headquartered Terra Nex and Germany-headquartered Middle East Best Select, have entered into an agreement to fund 400 MW of solar power development in Oman.

According to Reuters
, the two funds' project investment totals $2 billion. Specific information about the type of solar technology to be used has not yet been released. Oman plans to meet 10% of its energy needs with renewable energy by 2020.

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