With a power score of 1.98, Oman ranks number 56 among Emerging markets and number 4 in the Middle East.
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Oman has a power score of 1.98, which puts it at rank 56 in the Emerging Markets power ranking. The power score of Oman is higher than the average of 1.85 in the Middle East.
In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.
Oman implements policies in 3/8 categories tracked by Climatescope; Renewable energy target, Auctions/tenders (utility-scale), and Support for customer-sited generation (rooftop and self-consumption)
The average electricity price in Oman has decreased from $61.74/MWh in 2023 to $61.73/MWh in 2024. Since 2019, the average electricity price in Oman has fluctuated between $45.03/MWh in 2019 and $61.74/MWh in 2023.
The top amount of capacity installed in Oman in 2024 was in Natural gas at 9.24GW, up from 8.8GW in 2023.
The technology with the largest share of electricity generated in Oman in 2024 was Natural gas at 43.12TWh, up from 39.6TWh in 2023.
Investment in clean energy in Oman was around $1.09Bn in 2024. This amounts to an increase of around 8% from $1.00Bn in 2023.
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This is the 14th edition of Climatescope, BloombergNEF’s annual assessment of energy transition opportunities in emerging markets. It highlights how the energy transition is progressing in these markets and how they are harnessing the transition to boost attractiveness to outside investors.
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