Oman on course to exceed green hydrogen target by 2030
The International Energy Agency (IEA) has praised Oman's advanced role in renewable energy generation, particularly in the development of green hydrogen, which is a key part of the Sultanate's energy transition strategy.
This is highlighted in the agency's annual report, Renewables 2024, which ranks Oman as one of the few countries in the Middle East steadily progressing beyond its national targets for low-carbon hydrogen production by 2030.
The report notes that Oman aims to produce one million tonnes of green hydrogen annually by the end of this decade. This will be achieved by expanding solar and wind energy capacities to power electrolysers that will contribute to the production of this clean fuel.
This goal is part of a broader plan through which Oman seeks to attract investments of $40 billion in the green hydrogen sector, with investments expected to increase to $140 billion by 2050.
The objective is to boost green hydrogen production capacity to between 7.5 and 8 million tonnes annually.
The report also highlights Oman’s ambitions to play a major role in the region's renewable energy sector.
The Sultanate is working on developing five independent wind power projects with a total capacity of up to one gigawatt.
These projects will support the national grid with clean electricity. Their focus will be on providing energy for local consumption, enhancing Oman’s reliance on sustainable energy sources to meet its growing electricity needs.
Oman has also allocated low-cost land for developers to build hydrogen production projects, whether to meet local industrial needs or for exporting ammonia.
The report points out that hydrogen use in industry and hydrogen-based fuel are making a major contribution to the growth of renewable energy capacity in Oman and the Middle East.
The IEA says that Oman is set to surpass its 2030 targets, solidifying its position as one of the leading players in the renewable energy and green hydrogen sectors both regionally and globally.