Rooftop solar panels
Studies show that Oman is one of the countries with the maximum solar irradiance in the world, which is the measure of the amount of sun rays received per unit area.
However, apart from renewable energy power plant projects in the interior parts of Oman by the Rural Area Electricity Company (RAECO), there are few large scale alternate energy projects in the country.
The Authority for Electricity regulation launched Sahim, Oman’s first renewable energy initiative, earlier this year through which residents will be able to generate power by installing rooftop solar panels, while being connected to the grid.
The initiative also offers consumers to feed extra energy produced back to the grid that would be compensated for, depending on the tariff during the time of day.
Meanwhile, the cost of production of electricity using solar energy dropped by 78 per cent from $3.25 to $0.72 per unit worldwide during the period of 2006 to 2014, but estimates show that they remain just below $2 per watt in Oman. Latest studies from Moody’s show that solar PV costs have dipped by 20 per cent since late 2016.