Project
Ibri II Solar IPP
OmanSolar Energy, Power Generation
Financial close achieved and operational since 2022 — an achieved, historical fact, not forecast. Sponsors: ACWA Power, GIC (Singapore sovereign fund), and a local Omani co-sponsor entity (AEPC; exact corporate identity not independently confirmed this pass). Offtaker: Nama Power and Water Procurement Company (Nama PWP).
Status
OperationalStatus
Financial Close Achieved / Major Contracts Under DeliveryProcurement Status
Value
USD 400 millionProject Value
Scale & Capacity
500 MWCapacity
Overview
- Location
- Ibri, Ad Dhahirah Governorate, Oman
- Scale / Scope
- 500MW utility-scale solar PV — Oman's first 500MW solar project (inaugurated 2022), the largest solar plant in the country at the time. Financing: 70:30 debt-to-equity; $275M senior debt syndicated across six lenders (AIIB, Bank Muscat, Riyad Bank, Siemens Bank, Standard Chartered, Warba Bank) — preserved here as editorial context; lender syndicate not schema-persisted.
Participants & Roles
Investor / Shareholder
Sponsor / Developer
Offtaker / Revenue Counterparty
Sources
- RenewableEnergyWorld — Ibri II project coverageIndustry / Trade Source
- AIIB — Ibri II IPP ESIA documentationMultilateral / DFI