Middle East
Oman's 120 MW JBB wind project reaches financial close
By Staff Writer | 12 August 2026
A consortium of EDF power solutions, Al Khadra Partners and OQ Alternative Energy has closed the financing for one of Oman's largest onshore wind farms, with commercial operation targeted for the third quarter of 2027.
The partners announced financial close for the 120 megawatt Jaalan Bani Bu Ali independent power project on 11 August 2026. The milestone follows execution of a 20-year power purchase agreement with Nama Power and Water Procurement Company.
The site sits in the South Al Sharqiyah Governorate, roughly 440 kilometres from the Port of Duqm. The scheme comprises 16 turbines, each rated at 7.7 MW.
Once running, the wind farm is expected to supply low carbon electricity to more than 13,500 Omani households a year and avoid over 270,000 tonnes of carbon dioxide emissions annually.
What financial close changes
For a project of this type, financial close is the point at which the risk allocation stops being a proposal and starts being a set of enforceable obligations. Lenders have satisfied themselves on the offtake, the construction contract, the completion security and the availability regime, and drawdown can begin.
Achieving financial close on the JBB Wind Project is a major milestone for all partners involved and demonstrates the confidence of lenders in both the project and Oman's renewable energy market.
Luc Koechlin, chief executive for the Middle East, EDF power solutions
It is also the moment the programme becomes commercially expensive to disturb. A third quarter 2027 commercial operation date leaves a defined construction window against a long-term tariff, and the contracting chain carries the consequence of any slippage inside it.
The project is described as the first wind transaction in Oman for EDF power solutions. Al Khadra Partners sits within the Hind Bahwan Group, which is developing more than 3 GW of power projects in the Sultanate. OQ Alternative Energy takes part as the national champion for renewable energy.
The wider programme
Oman is working towards renewables supplying at least 30 per cent of its national electricity mix by 2030, and the scheme is presented as a contribution to Oman Vision 2040 and the country's net zero target for 2050. Wind carries a different profile from the region's solar build-out, offering generation outside daylight hours and a complementary load shape.
The partners also point to local economic effect during construction and operation, through job creation, skills transfer and openings for Omani businesses in the supply chain. In-country value commitments of that kind are increasingly written into Gulf power concessions rather than left as goodwill.
For contractors and consultants, the reading is practical. Turbine installation in open desert terrain concentrates risk in access roads, foundations, crane availability and weather windows, and those are the interfaces where extensions of time are won and lost. With the financing closed and the tariff fixed for two decades, the negotiating room has moved from the deal to the programme.