Oman closes financing on 120 MW JBB wind project

A consortium led by EDF power solutions, Al Khadra Partners and OQ Alternative Energy has reached financial close on the 120 MW Jaalan Bani Bu Ali wind project in Oman. The deal moves one of the country’s largest onshore wind farms closer to a 2027 start and supports Oman’s 2030 renewable energy target.

Why it matters: - The JBB Wind Project is one of Oman’s largest onshore wind farms. - The project supports Oman Vision 2040 and the country’s goal of raising renewable energy’s share of the electricity mix to at least 30% by 2030. - The project also advances Oman’s Net Zero 2050 ambitions. - Once operating, the wind farm is expected to supply enough electricity for more than 13,500 Omani households each year. - The project is expected to avoid more than 270,000 tonnes of CO₂ emissions annually.

What happened: - A consortium led by EDF power solutions, Al Khadra Partners and OQ Alternative Energy reached financial close on the 120 MW Jaalan Bani Bu Ali (JBB) Wind Independent Power Project in Oman. - The project follows a 20-year power purchase agreement with Nama Power and Water Procurement Company. - The wind farm is located in South Al Sharqiyah Governorate, about 440 km from the Port of Duqm. - Commercial operation is expected in Q3 2027.

The details: - The project will use 16 wind turbines. - Each turbine will have a generation capacity of 7.7 MW. - The project is designed to create local economic benefits through job creation, skills transfer and opportunities for Omani businesses during construction and operations. - The project is also expected to support in-country value by strengthening local capabilities and Omani supply chains. - EDF power solutions described the transaction as its inaugural wind project in Oman. - Hind Bahwan Group is developing more than 3 GW of power projects across the Sultanate, according to Al Khadra Partners Chairperson Sheikha Hind Bahwan. - OQ Alternative Energy called JBB part of a broader shift in Oman’s energy system and a long-term investment in economic resilience.

Between the lines: - Financial close signals that lenders have backed the project and that the development has cleared a key financing hurdle. - The project gives Oman another visible step toward building a larger renewable power market. - The deal also deepens the role of international and domestic partners in the Sultanate’s energy transition.

What's next: - Construction and project execution now move forward toward commercial operation in Q3 2027. - The partners expect the project to deliver renewable power, emissions reductions and local economic benefits once the wind farm enters service. - Oman’s broader renewable buildout will need more projects like JBB to meet the 2030 target.