Deployment at the Sohar Industrial Hub

The inaugural phase of the integrated renewable energy and water project is slated for the coastal city of Sohar. As a primary industrial and port center, Sohar provides a strategic location for the new facility.

Water and Power Specifications

The integrated renewable energy and water project includes the construction of a desalination plant designed to produce 100,000 cubic meters of clean water daily. This supply will support industrial users and port operations to meet regional water demand. To ensure reliable power, the development will feature 250 MW of floating solar capacity. The use of floating solar panels allows for electricity generation on water surfaces, which optimizes land use in regions where available space is constrained.

Sustainability and Storage Integration

To maintain a consistent energy flow, the site will incorporate a 100 MWh battery energy storage system. This storage capacity is designed to manage excess electricity generated by the installation. Furthermore, the site will house a 50 MW green hydrogen production unit. By utilizing renewable energy for green hydrogen production, the facility aims to support future industrial and clean energy needs.

Long-Term Economic and Environmental Impact

The integration of renewable energy, water treatment, battery storage, and green hydrogen production is expected to improve overall operational efficiency. This approach seeks to provide a dependable supply of clean water and electricity for industries. The implementation of this infrastructure involves collaboration between technology providers, engineering firms, financial institutions, and energy developers to support ongoing industrial expansion.

Application Timeline and Tender Features

Prospective developers can submit applications for both solar and wind projects beginning 13th October 2026. An important feature of this renewable energy tender involves flexible market access. Upon contract award, renewable energy operators will initially have the opportunity to sell generated power on the open market before transitioning to long-term power purchase agreements. Solar project operators are permitted to engage in open market sales for 60 months following tender signature, while wind operators receive a 72-month window before their power purchase agreement takes effect.

Regional Distribution and Capacity Allocation

The Turkish renewable energy tender distributes projects across multiple YEKAs strategically selected as priority zones for renewable deployment. Solar applications must be submitted for ten distinct YEKAs, with capacity allocation reflecting regional development priorities.

Ankara, positioned as the central focus area, will receive 370MW of new solar capacity distributed across two projects. Mardin and Malatya will each host two new solar installations, with combined capacities of 150MW and 95MW respectively. Kahramanmaraş distinguishes itself as the only YEKA designated for three separate solar photovoltaic projects under this tender cycle.

The wind component of this renewable energy tender encompasses 1.5GW distributed across four YEKAs. Balıkesir YEKA in western Turkey receives the majority allocation, with 685MW of new wind capacity made available for development.

Long-Term Renewable Energy Strategy

“We will continue to hold solar and wind tenders totalling at least 2,000MW every year,” said Bayraktar. He characterized the renewable energy tender as providing new impetus to the nation’s renewable energy sector. The current tender aligns with capacity awards from a previous tender, which distributed 800MW. These allocations support Turkey’s objective to achieve 77GW of operational solar photovoltaic capacity by 2035.

2035 Renewable Energy Targets and Market Deployment

Turkey aims to deploy 120GW of combined solar and wind capacity by 2035.

“We will reach our target of 120,000MW for solar and wind energy, where we have significant potential, in a shorter time than planned for 2035. With the 2026 YEKA tenders, we are opening a new investment period in renewable energy,” Bayraktar said.

The Jabal Abyad Pumped Hydro Energy Storage Project

A primary component of these renewable energy projects is the development of the 2,000 MW Jabal Abyad PHES facility. This venture is a collaborative effort involving the EDF power solutions, Oman National Engineering and Investment Co, TAKHZEEN Oman, and Green Universe Enterprise, in coordination with the Authority for Public Services Regulation. Once completed, it will stand as one of the largest pumped hydro energy storage projects in the Middle East.

Located near the Wadi Dayqah Dam, the facility is designed to provide extensive energy storage capacity. This infrastructure is essential for maintaining grid stability and allowing for a higher integration of renewable sources into the national power grid. Beyond technical capabilities, the project is expected to generate significant in-country value by supporting the local construction sector, small and medium enterprises, and domestic job creation.

Advancing Solar Power Development at Al Kamil

The second major initiative involves the 500 MW Al Kamil Solar PV Independent Power Project. This facility will be financed, constructed, and managed by a consortium including EDF power solutions, Oman National Engineering and Investment Co, and OQ Alternative Energy, working alongside Nama Power and Water Procurement. This project is a vital component of the national strategy for solar power development, aimed at meeting the increasing demand for reliable and clean electricity.

Sustainable Digital Infrastructure and AI Integration

In addition to the clean energy agreements, the Government of Oman, EDF power solutions and Synergy Investments have entered into a memorandum of understanding for a 1,000 MW sustainable digital infrastructure platform. This platform is intended to establish Oman as a regional hub for advanced computing, cloud services, and artificial intelligence.

Béatrice Buffon, Chief Executive Officer of EDF power solutions, said: “Today’s signing reflects the strength of the strategic relationship between France and the Sultanate of Oman, as well as our shared ambition to accelerate the energy transition. By combining large-scale renewable generation with advanced energy storage solutions, EDF power solutions is proud to bring its industrial expertise to the development of a more resilient, sustainable and secure energy system for Oman.”

Ahmed bin Salim Al Abri, Chief Executive Officer of Nama PWP, stated: “Al Kamil Solar IPP is a key addition to Oman’s clean energy portfolio, advancing Nama Power and Water Procurement commitment to delivering reliable, competitive, and low-carbon power. The project strengthens private sector participation, enhances Sultanate of Oman’s investment attractiveness, and reinforces the role of renewable energy in supporting sustainable economic development and environmental responsibility.”

Kumail Said, Acting Chief Executive Officer of OQAE said: “The 500 MW Al Kamil Solar PV Independent Power Project (IPP) builds on a series of solar, wind, and energy storage projects developed by OQAE, demonstrating our continued commitment to advancing Oman’s energy transition as the National Champion for Renewable Energy.”

The agreements for these renewable energy projects reinforce the established collaboration between EDF and key stakeholders in Oman’s energy sector. Drawing on its extensive global experience in renewable energy, energy storage and integrated infrastructure projects, EDF power solutions continues to contribute to the Sultanate of Oman’s efforts to expand reliable and low-carbon energy capacity. The Al Kamil Solar PV IPP marks EDF power solutions’ third renewable energy development in Oman, following the 500MW Manah1 Solar PV IPP and the 120MW JBB Wind IPP.

The agreements also provide a foundation for conducting detailed technical assessments, progressing project development work and strengthening cooperation among the participating parties as the initiatives move toward implementation. They underscore a collective commitment to advancing Oman’s clean energy ambitions while supporting economic diversification, technological innovation and sustainable development goals outlined in Oman Vision 2040.

The meeting served as a preliminary discussion ahead of the launch of a public-private consultative body for floating solar power, which is scheduled to begin operations in the second half of the year. The initiative follows last year’s industry meeting, during which private-sector participants highlighted the need for a formal communication channel to facilitate regular discussions on policy and industry-related matters. As part of its broader renewable energy strategy, K-water plans to expand renewable energy facilities utilizing water infrastructure to 10GW by 2030. Of the total planned capacity, 6.5GW is expected to be developed through floating solar power projects. The corporation identified the reduction of administrative and technical challenges during project execution, along with stronger public-private cooperation, as critical priorities for achieving these objectives.

Industry Stakeholders Review Policy Trends and Project Progress

Representatives from organizations including the Ministry of Climate, Energy and Environment and Korea Energy Agency participated in the meeting. The event also brought together manufacturers supplying modules, floaters, and transformers, as well as companies specializing in design, construction, and supervision services. During the session, Korea Water Resources Corporation presented updates on the status of its floating solar power projects and ongoing research and development activities. Korea Energy Agency also provided attendees with information on recent policy developments, including changes related to the restructuring of the renewable energy supply system.

Discussions Focus on Costs, Investment and Supply Chain Stability

A subsequent discussion examined several challenges affecting the sector. Participants addressed increasing project costs linked to higher raw material prices, the influence of changes in the policy environment on private investment and R&D activities, and approaches aimed at strengthening supply chain stability. Attendees also outlined key issues that should be prioritized by the public-private consultative body once it is formally established later this year. In addition, views were exchanged regarding the structure and operational framework of the organization.

K-water stated that the feedback gathered during the meeting will be reflected in the establishment and operation of the consultative body, with the objective of creating an effective cooperation system for the industry.

Bongkeun Oh, Head of the Renewable Energy Division at Korea Water Resources Corporation, stated, “To expand the adoption of floating solar power, a cooperative system in which public institutional support and private technological capabilities are organically combined is essential.”

“We will continue to engage directly with the field to ensure that the public-private consultative body launching in the second half of the year operates as a practical platform for regulatory improvement and enhancement of industrial competitiveness,” he added.

The deal supports what has been described as the largest privately contracted hybrid renewable energy project in South Africa to achieve financial close. Through the combination of utility-scale solar generation and battery storage capacity, the Naos-1 renewable energy project is designed to deliver dispatchable renewable electricity to businesses throughout the country.

Integrated Solar and Battery Storage Development

The project is located near Viljoenskroon in South Africa’s Free State province and will bring together 300 MW of solar photovoltaic generation and 660 MWh of battery storage. By integrating these technologies, the project aims to provide reliable renewable power while addressing the variability often associated with renewable energy generation and contributing to grid stability.

Under the agreement, Envision Energy will draw on its vertically integrated BESS capabilities across the entire value chain. The company will provide technical support throughout the lifecycle of the energy storage system, covering design, manufacturing, operation and maintenance activities. Envision Energy stated that its battery technology, together with its AI-powered energy management system, will be deployed to optimize system performance and enhance operational reliability for the Naos-1 renewable energy project.

The arrangement also includes a 25-year Long-Term Service Agreement between Envision Energy and SOLA Group. This agreement covers ongoing operation and maintenance services for the battery storage system, supporting the long-term operation of the project.

Partners Outline Benefits of the Project

Commenting on the development, John Lee, General Manager of Asia & Africa Markets at Envision Energy, said, “Naos-1 demonstrates how integrated renewable and storage solutions can redefine the future energy systems, delivering not only clean power, but also reliability, flexibility, and economic value at scale.”

“Envision is proud to support this landmark project and to work alongside leading partners to accelerate the transition toward a more sustainable energy future in South Africa and across emerging markets,” he added.

Ian Burger, Managing Director of SOLA Build at SOLA Group said,”Across South Africa and beyond, businesses are seeking energy solutions that balance sustainability, reliability, and cost-effectiveness. Naos-1 reflects a new generation of energy infrastructure, one that is flexible, scalable, and aligned with the needs of modern power markets.”

“Through collaboration with strong technology partners like Envision Energy, we are helping to unlock new pathways for private-sector participation and advancing the development of a more resilient and future-ready energy system,” he added.

Agreement Follows Regional Expansion Move

The agreement was announced only days after Envision Energy launched its first Cape Town office. According to the company, the new office will operate as Envision Energy’s regional hub for Southern Africa, supporting expanding activities in wind power, battery energy storage systems (BESS), and integrated renewable energy solutions.

The Korea Trade Insurance Corporation (K-Sure) announced on 22nd June 2026 that it will extend export financing support valued at €900 million for a large-scale solar power development in Serbia being carried out by a consortium that includes Hyundai Engineering. The EUR 900M solar project forms part of Serbia’s broader energy transition strategy as the country advances efforts toward European Union membership.

According to K-Sure, the development will involve the construction of solar power facilities with a combined generation capacity of 1200 megawatts. The scale of the undertaking places it among the largest renewable energy projects currently planned in the region. Hyundai Engineering is leading the EUR 900M solar project together with U.S.-based investment and development company UGT Renewables. Under the consortium structure, the partners will manage the engineering, procurement and construction (EPC) of the solar facilities, while major equipment requirements, including solar modules and transformers, will be supplied by South Korean manufacturers.

Reinsurance Structure Designed to Share Project Risks

K-Sure stated that its participation will take the form of a reinsurance arrangement covering the portion of financing supported by Sweden’s export credit agency, EKN, that is linked to the supply of Korean-made products. Through this framework, participating institutions will be able to distribute project risks while also supporting exports of renewable energy equipment produced in South Korea. The Serbia development carries particular significance for the South Korean renewable energy sector.

K-Sure noted that it is the largest overseas solar power project secured by a Korean company to date and also marks the first involvement of a South Korean firm in a Serbian national energy project.

Commenting on the development, K-Sure CEO Jang Young-jin said: “Korean companies’ involvement in this project is highly meaningful, as it is both the largest overseas solar project won by our firms and the first case of participation in Serbia’s national energy program.””As the global energy paradigm shifts toward cleaner and more sustainable sources, K-Sure will continue to provide strong support for Korean companies seeking opportunities in overseas renewable energy markets,” Jang added.

Second Renewable Energy Collaboration Between K-Sure and EKN

The agreement represents the second major renewable energy partnership between K-Sure and EKN. The two export credit agencies previously cooperated in 2020 on support for a solar power project in Angola. Through the reinsurance framework being applied to the EUR 900M solar project, the agencies are sharing project risks while helping mobilize financing for renewable energy infrastructure. Furthermore, the partnership aids in expanding the footprint of Korean companies beyond the boundary.

K-Sure expects the support package to enhance the international competitiveness of Korean engineering firms and manufacturers by increasing exports of high-value renewable energy equipment and services.

On 22nd June 2026, GS E&C announced that it had entered into a memorandum of understanding (MOU) with global infrastructure investment firm I Squared Capital. Under the agreement, the two companies will establish a renewable energy joint venture (JV) focused on promoting renewable energy businesses within South Korea’s domestic market.

Focus on Solar Power and Battery Storage Projects

The cooperation is centered on a goal of developing and securing a combined 1.5GW of energy transition assets by 2035. The portfolio will primarily focus on solar power and battery energy storage systems (BESS). As part of the broader plan, solar power generation assets are expected to reach approximately 820MW. The total estimated cost of the initiative stands at about 3 trillion won. To fund the projects, the partners are reviewing a structure in which a portion of the capital would be invested directly through the renewable energy JV, while the remaining financing would be secured through external sources, including project financing (PF).

Strategic Shift Beyond the EPC Model

Through the establishment of the renewable energy JV, GS E&C intends to transform its renewable energy business from an EPC-centered structure into a developer-oriented model. This approach is regarded as offering stronger profitability and greater scalability because it enables participation in site acquisition, permissions and authorizations, business structure design, and the securing of business rights and power generation assets from the beginning of a project’s lifecycle.

Under the planned division of responsibilities, GS E&C will oversee new business discovery, site acquisition, permissions and authorizations, business structure establishment, project management, and technical advisory functions. Meanwhile, I Squared Capital will provide support in investment structure design and financing, drawing on its experience in global infrastructure investment.

The project has been structured with a total capital expenditure of $111 million, financed through a combination of non-recourse debt and equity arrangements. The financing structure maintains a leverage ratio of approximately 70%. The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) serve as the senior lending institutions.

Project Partnership and Development Structure

Sidi Bouzid II has been developed through a collaborative partnership between Scatec and Aeolus SAS (Aeolus) that brings together complementary expertise in renewable energy development and investment. The ownership structure divides the project equally, with Scatec holding a 50% stake and Aeolus holding the rest 50% in the project.

Scatec will provide comprehensive project delivery services, including Engineering, Procurement and Construction (EPC), Asset Management, and Operations and Maintenance services. The EPC scope represents approximately 75% of total capital expenditure.

Renewable Energy Contribution and Climate Impact

Once it reaches commericial operation in second half of 2027, the Sidi Bouzid II solar power plant is projected to generate 276 gigawatt-hours of electricity annually. This electricity generation will contribute meaningfully to Tunisia’s renewable energy targets and enhance the nation’s energy security. Furthermore, the plant is expected to reduce annual CO2 emissions reductions by approximately 107,000 tonnes.

Currently electricity generation in Tunisia relies heavily on natural gas, which accounts for 95% of generation capacity. Notably, more than 60% of Tunisia’s natural gas requirements are met through imports, creating both economic and energy security considerations. Tunisia has established an ambitious target to increase renewable energy’s share of electricity generation to 35% by 2030.

EU Providing Financial Support for the Project

The Sidi Bouzid II project has received substantial support from the European Union through grant funding via the EU Neighbourhood Investment Platform and guarantees provided by the European Fund for Sustainable Development Plus.

Supporting Renewable Energy Expansion

The introduction of the ABB Proteus solar storage offerings comes at a time of significant global investment in large-scale renewable energy infrastructure. As the International Energy Agency (IEA) projects a 60% increase in utility-scale renewable electricity generation over the next four years, the need for reliable and scalable power solutions is paramount. ABB will be presenting its new solar inverter from the Proteus range at Intersolar 2026 in Munich, Germany, from 22nd June to 25th June 2026.

Commenting on the launch, Daniel Gerber, Business Line Manager for Renewable Power at ABB, said, “The global energy transition requires proven, scalable, and reliable power conversion solutions. With over 120 GW of power conversion capacity installed to date, ABB combines its enhanced portfolio of PV, BESS, and control systems technologies, global presence, engineering, manufacturing, and service capabilities to deliver high performance and consistent project execution worldwide.”

High-Efficiency Solar Power Conversion

The Proteus portfolio features solar inverters, stations, and control systems specifically developed for utility-scale applications. ABB highlights that these systems can achieve efficiencies of up to 99.45%, maximizing energy output from solar installations. Furthermore, the solutions are designed to deliver ultra-clean power with a total harmonic distortion of current (THDi) below 0.7%. This characteristic is crucial for reducing stress on electrical equipment and potentially extending asset lifespan.

Enhancing Grid Stability with Battery Storage

Beyond its solar applications, the Proteus platform is strategically positioned to support the expanding role of battery energy storage systems (BESS) in modern power networks. ABB’s Proteus BESS solutions incorporate bi-directional converter stations and sophisticated control systems. These systems are engineered to provide grid-forming and black-start capabilities, while also ensuring compatibility with a variety of battery technologies.

With a global installed base of over 120 GW of power conversion capacity and operations in more than 70 countries, ABB serves utilities, EPC contractors, and renewable energy developers across major energy markets. The Proteus portfolio is anticipated to have a service life of up to 30 years and is backed by comprehensive lifecycle services, ensuring long-term performance for utility-scale solar and battery energy storage deployments.

This initiative signifies a joint effort in both the investment and asset management of targeted renewable energy projects. Brookfield’s involvement will be primarily through its Catalytic Transition Fund, a dedicated vehicle designed to foster and facilitate the shift towards net-zero emissions, particularly in emerging markets and developing economies across Southeast Asia.

Speaking on the renewable energy alliance, Daniel Cheng, head of Energy at Brookfield Asia Pacific, said, “Brookfield’s partnership with Foxconn underscores the scale of corporate demand for renewable power in Vietnam, one of Asia’s fastest-growing economies. As global manufacturers increasingly turn to renewables for its cost-competitiveness, speed to market and energy security benefits, we’re seeing strong and rising demand for long-term supply from across the region.”

James Tu, chief investment officer of Foxconn, said, “We are pleased to be a strategic partner to Brookfield to secure long-term access to renewable energy for our operations and supply chain in Vietnam. This initiative, where we’re investing and managing alongside Brookfield, ensures stable and cost-effective power supply for our continued growth in the region.”

The advancement of this renewable energy alliance is expected to align with Vietnam’s evolving direct power purchase agreement (PPA) framework. In parallel, a Foxconn subsidiary based in Vietnam has recently increased its charter capital by nearly $40 million, spread across two separate adjustments.

Brookfield Asset Management, a global investment powerhouse with over $1 trillion in assets under management, is making its initial renewable energy investments in Vietnam, Thailand, and the Philippines through this initiative. This effort is instrumental in building a substantial decarbonisation platform across Southeast Asia.