Oman Plans $100 Million Solar Inverter Manufacturing Project to Strengthen Clean Energy Sector

Oman is set to advance its renewable energy manufacturing capabilities through a proposed $100 million (RO 38.45 million) investment to establish the Sultanate’s first dedicated solar inverter manufacturing facility.

The initiative brings together Oman Investment Authority (OIA), Chinese solar technology company Hoymiles, PCG Global and Greenwill Asset Management, marking a significant step towards developing a domestic clean energy manufacturing ecosystem.

Announced in connection with His Majesty Sultan Haitham bin Tarik’s recent visit to China, the partnership aims to strengthen Oman’s position as a potential manufacturing and export hub for renewable energy technologies across the Middle East and North Africa.

The proposed investment will support solar power project development alongside local manufacturing of solar inverters, essential components that convert electricity generated by photovoltaic panels into usable power for residential, commercial and industrial applications.

Beyond solar manufacturing, the collaboration will explore distributed solar generation, energy storage technologies and integrated power solutions for artificial intelligence data centres, addressing growing demand for reliable and efficient electricity infrastructure.

Hoymiles, which operates across more than 190 countries and regions, brings expertise in microinverters, intelligent power electronics and energy storage systems.

The proposed facility could also create opportunities for technology transfer, skilled employment, local supplier development and investment in supporting industries, including equipment testing, installation and maintenance.

The initiative aligns with Oman’s broader renewable energy ambitions and economic diversification priorities, potentially strengthening domestic industrial capabilities while expanding the Sultanate’s participation in regional clean energy supply chains.

Oman’s first solar inverter project to bolster clean energy - Oman Observer