Oman Signed Agreements Worth $20bn to Develop Green Hydrogen Projects

Oman Signed Agreements Worth $20bn to Develop Green Hydrogen Projects

Hydrogen Oman SPC (Hydrom), a subsidiary of Energy Development Oman SAOC (EDO), has signed three agreements granting the first green hydrogen blocks in the Sultanate of Oman with a total investment value exceeding USD 20 billion.

The first one is awarded through Phase A Round 1 public auction process, and the other two are awarded following the earlier signing of commercial term sheets. The signing of these agreements signifies another key milestone of the Sultanate of Oman’s journey to becoming a global hub for green hydrogen production.

Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals and Chairman of the Board of Directors of Hydrom signed the agreements with the winning bidders from Denmark, the United States of America (USA), the United Kingdom (UK), Kuwait, Singapore and the Sultanate of Oman during an event held here today.

The three projects were signed with the consortia of Amnah, Green Energy Oman (GEO) and BP Oman.

These contracts are expected to yield a total production capacity of half a million tonnes of green hydrogen per annum from more than 12 GW of installed renewable energy capacity at the three sites, each covering an area of 320 square kilometers in the Al Wusta Governorate.

The first of