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The Sultanate of Oman plans to spend $49 billion on renewable energy projects

May 21, 2024

The Sultanate of Oman is making great efforts to become a leading global center in the production and export of clean hydrogen, as part of its national strategy to shift towards renewable and sustainable energy sources.

The Sultanate is investing in its enormous natural potential and its unique location to become a major player in the global clean hydrogen market, which is expected to grow significantly in the coming years.

The Sultanate of Oman aims to produce one million tons of clean hydrogen annually by 2030, with the possibility of increasing production to 8.5 million tons by 2050.

The Sultanate is holding talks with a number of international companies to invest in projects to produce and export clean hydrogen.

Large areas of land have been allocated to establish renewable energy projects, such as solar and wind energy. To provide the energy needed to produce clean hydrogen, and investments in this sector are expected to reach $49 billion.

The Sultanate of Oman enjoys a strategic location at the crossroads of global trade routes. Which makes it an ideal destination for exporting clean hydrogen to global markets, in addition to advanced infrastructure and an efficient transportation network. This facilitates the process of transporting and exporting clean hydrogen.

The Sultanate of Oman provides a pioneering model for countries in the region in the field of renewable energy and the transition towards clean and sustainable energy sources. By investing in clean hydrogen production, the Sultanate strengthens its position as a global energy center and contributes to achieving sustainable development goals.

Clean hydrogen is an environmentally friendly and sustainable fuel. It is produced by analyzing water using electrical energy generated from renewable sources such as solar and wind energy.

Clean hydrogen production does not cause any carbon emissions; This makes it an ideal source of energy as part of global efforts to combat climate change and achieve carbon neutrality.