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UK-based smart energy management provider PassivSystems has signed a contract with the Oman Electricity Regulatory Authority (AER) to negotiate the development of up to 1 GW of rooftop solar
in the country.
AER's plan, called "Sahim Phase 1," plans to install solar PV arrays
in 30% of residential buildings in Oman over the next few years.
AER pursues a model of capital ownership, where homeowners have minimal capital expenditures and receive generous financial incentives to install solar PV
.
Funding for the project is expected to come from a variety of private investors, and PassivSystems' involvement will see the UK company leverage its experience
managing a large portfolio of residential solar systems in the UK.
The contract outlines how the two companies will identify and manage risks, and PassivSystems is committed to developing a robust RfP, analyzing the country's legal model and improving customer experience and recommendations
.
The pilot program aims to sell and install 1,000 to 3,000 PV systems before expanding to up to 250,000 homes
in Oman.
Colin Calder, CEO of PassivSystems, said: "This is an exciting initiative and we will be working closely with AER to ensure this project moves from a vision to reality and is built on
a sound financial model.
”
Oman is working hard to develop solar energy
.
Earlier this month, the country's Oman Power and Water Procurement Company revealed that it had received 28 applications for eligibility to bid for up to 500 MW of solar PV across the country
.
UK-based smart energy management provider PassivSystems has signed a contract with the Oman Electricity Regulatory Authority (AER) to negotiate the development of up to 1 GW of rooftop solar
in the country.
AER's plan, called "Sahim Phase 1," plans to install solar PV arrays
in 30% of residential buildings in Oman over the next few years.
AER pursues a model of capital ownership, where homeowners have minimal capital expenditures and receive generous financial incentives to install solar PV
.
Funding for the project is expected to come from a variety of private investors, and PassivSystems' involvement will see the UK company leverage its experience
managing a large portfolio of residential solar systems in the UK.
The contract outlines how the two companies will identify and manage risks, and PassivSystems is committed to developing a robust RfP, analyzing the country's legal model and improving customer experience and recommendations
.
The pilot program aims to sell and install 1,000 to 3,000 PV systems before expanding to up to 250,000 homes
in Oman.
Colin Calder, CEO of PassivSystems, said: "This is an exciting initiative and we will be working closely with AER to ensure this project moves from a vision to reality and is built on
a sound financial model.
”
Oman is working hard to develop solar energy
.
Earlier this month, the country's Oman Power and Water Procurement Company revealed that it had received 28 applications for eligibility to bid for up to 500 MW of solar PV across the country
.
