Azelio, Al Mashani's solar project in Oman to begin operations in 2021
Companies to implement Azelio's technology in Oman for a project pipeline of 25MW between 2021 and 2024
Gothenburg-headquartered Azelio and Omani firm Al Mashani will together develop a small-scale solar project of 50KW with 13 hours of storage that will be operational in 2021 in the Sultanate, with the companies having inked a memorandum of understanding (MoU).
As part of the agreement, Azelio alongside Al Mashani will implement its technology in Oman for a project pipeline of 25MW between 2021 and 2024.
In a statement, Azelio said that the capacity is forecasted along a timeline with 50KW in 2021, 5MW in 2022, 7MW in 2023, and 13MW in 2024.
The companies have identified a preliminary end-user for the project and has submitted an Expression of Interest (EoI) to assess Azelio’s solutions for mining operations. Azelio’s storage unit will leverage the excess energy produced by the PV field during peak hours of the day, which will help the unit produce electricity at night and cover the PV park’s auxiliaries and self-consumption.
Financial terms of the initial project will be determined depending on the outcome of the feasibility study.
Al Mashani will deploy Azelio’s equipment both in on-grid and off-grid settings.
Speaking about the project, chief executive officer of Al Mashani, Said Al-Mashani said: “Expanding the use of solar energy beyond sun hours is key to significantly expand the use of renewable energy in Oman and neighbouring countries.”
Meanwhile, CEO of Azelion, Jonas Eklind said: “We see great potential for our solution in industrial settings, something this initial project and the intended broader implementation shows.”