REGIONAL

Oman Launches $2Bn Solar Power Project, Regional Solar Momentum Builds

Oman is launching a 400mw, $2bn solar power plant, Switzerland’s Terra Nex Financial Engineering announced on 15 January. The firm said it is collaborating with the Middle East Best Select (MEBS) Group of Funds to develop the project. David Heimhofer, Chairman of Terra Nex and Managing Director of MEBS Group, said: “The government’s aim to produce 10% of its energy needs from renewable energy...