Muscat''s Energy Storage Policy: Powering Oman''s Sustainable
The answer lies in Muscat''s policy on energy storage systems —a game-changer for the region''s energy landscape. This article breaks down what you need to know, whether
MUSCAT: A new policy framework unveiled by Oman's Ministry of Energy and Minerals last week is expected to lend new impetus to the growth of integrated renewable energy capacity, encompassing not only generation and transmission, but crucially, energy storage as well.
Investments in energy storage, while a critical component of clean energy infrastructure, have lagged in the Sultanate of Oman, among other markets around the world, chiefly because of high, upfront capital costs, as well as concerns over energy efficiency.
Acknowledging the “absence” of energy storage technologies in Oman, notably because of the “high-costs” involved, the new policy nevertheless seeks to enable the deployment of economically feasible battery storage infrastructure and for these attendant costs to be recouped from large consumers benefitting from such investments.
In 2018, Oman restructured its utilities sector, making the Ministry of Oil & Gas (MOG) the main policymaker for all energy projects, and the MOG has also led on the implementation of several renewable energy projects.
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