Oman is actively pursuing the expansion of its renewable energy capacity as part of its strategy to diversify energy sources and transition towards a greener economy. The government has implemented new policies aimed at bolstering the green energy and clean technology sectors, which includes encouraging private sector investment.
The Ministry of Energy and Minerals has recently unveiled a revised net-zero emissions strategy and a regulatory framework for carbon markets, targeting net-zero emissions by mid-century. By aiming to become a significant green hydrogen and renewable energy hub in the Middle East, Oman seeks to enhance its energy security and trade position.
To achieve these goals, the Oman Centre for Net Zero will monitor emissions and implement the new strategies. Minister of Energy Salim Al Aufi highlighted the plan’s importance as a strategic step towards establishing a sustainable low-carbon economy aligned with Oman Vision 2040. The introduction of a net-zero pathway is expected to offer economic and climate benefits to investors, while the regulatory framework aims to facilitate participation from private investors and SMEs.
Oman’s ambitious target includes reducing carbon emissions by 33% by 2035 through various initiatives, including energy diversification, carbon capture, and adaptation projects across key sectors. Despite its focus on renewables, the government plans to continue developing its oil and gas sectors.
Over the past decade, Oman has seen rapid growth in its renewable energy sector, with several large-scale solar and wind projects coming online. The country plans to add significant solar and wind capacity by 2030 and aims to develop pumped hydro storage capacity, enhancing grid stability.
Additionally, Oman is progressing with plans to advance its green hydrogen capabilities through projects aimed at producing 1 million tonnes annually by 2030, despite some withdrawals from major industry players. Overall, Oman’s commitment to diversifying its energy mix positions it as a future green energy hub in the Middle East, supported by targeted national policies and regulations to facilitate investment and development.
