OQ Group wants to sell a stake in 100-MW solar plant: Omani energy company OQ Group plans to sell an equity stake in its planned 100-MW Liwa solar project, the company said in its 2021 Sustainability Report (pdf) published Sunday. While the company has not disclosed an estimated price tag for the sale, the potential transaction has garnered interest from investors, the report notes. The OQ Group will settle on an investor and a price by 2023.

Expect bidding to start later this year: The tender for the engineering, procurement and construction (EPC) contract is being prepared and will likely go live before the end of the year, the report said. OQ Group’s Block 60 Bisat solar power plant, which is powered by a combination of solar panels and traditional electricity grid power, is expected to launch in 2022.

OTHER RENEWABLES NEWS-

• Bahrain-based utility company Pavilion Group signed a power purchase agreement with MTQ, the Singapore-based oilfield engineering firm, that will see Pavilion produce some 19.9 GWh of electricity from renewable sources to power MTQ’s oil rigs in Bahrain. (Statement)

• Abdul Latif Jameel Energy’s Fotowatio Renewable Ventures (FRV) reached financial close on a EUR 81 mn, 123 MWp PV plant in Spain. Mitsubishi UFJ Financial Group, Dutch ING and Santander Corporate and Investment Banking are providing finance. A power purchase agreement for the plant’s output is in place; FRV expects the first component of the planet will be operational by 2023. (Statement)