Oman and Botswana to develop 3GW renewable projects
Oman and Botswana have agreed to develop solar, wind and battery storage projects with a combined production capacity of up to 3 gigawatts.
The renewable energy pact is one of four agreements signed during Oman Investment Authority president Abdulsalam Al Murshidi’s visit to Gaborone last week, state-owned Oman News Agency reported.
The deals aim to strengthen cooperation across the energy, mining and financial sectors.
The renewable energy agreement was signed by O-Green, Oman’s state-backed clean energy platform, and Botswana’s minerals and energy ministry.
Separately, OQ Group and Botswana Oil agreed to examine investment opportunities in energy infrastructure and storage, as well as to collaborate on capacity building.
OQ Trading also signed an agreement with Botswana Oil to look at supply opportunities for energy products in Botswana and assess potential frameworks for supply, assembly and long-term marketing in regional markets.
Further reading:
- Why Africa has become Gulf investors’ latest hotspot
- Trust is paramount as Gulf states deepen African investment
- Plans to bring African energy to Europe face big challenges
A fourth agreement establishes a partnership between Maaden International Investment and the Botswana Geoscience Institute to explore for minerals, including gold and diamonds, the report said.
Murshidi said the deals support Oman Vision 2040 and Botswana Vision 2036, adding that further initiatives are expected to follow.
Oman has set a target to reach net zero gas emissions by 2050.
The Gulf state aims to produce 30 percent of its electricity using renewable sources by 2030 and reach 100 percent clean energy capacity by 2050.
You May Also Like
Litecoin Fluctuates Below The $116 Threshold
Why a Lambo Rental Atlanta Experience Feels Different
