Half of Oman’s properties could have solar energy in five years, conference told

Will Oman see 50% of its homes with solar panels in five years? (Shutterstock)
Updated 03 October 2017
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Half of Oman’s properties could have solar energy in five years, conference told

DUBAI: Half of all houses in Oman could have rooftop solar panels supporting their energy needs in the next five years a conference has been told.
Speaking at the Oman Economic Review Business Summit 2017, Raoul Restucci, managing director at Petroleum Development of Oman (PDO) said there was a “technology revolution” at their doorsteps, national daily the Times of Oman reported.

“In my view, when we fly over the Sultanate, 50 percent of Omani houses will have solar panels installed in the next five years… The cost of solar will go lower and there will be a tipping point for electric vehicles if a good storage technology is developed. Moreover, demand for these technologies is growing and it makes a perfect storm that will challenge the economic model of every country. We need to get on this transition train. Diversification is a must.”

Christensen Flemming, senior project manager at Italian company CESI recently said solar energy was the cheapest source of electricity.

Oman already ranks as one of the most prominent nations for the amount of solar energy it generates, which ultimately makes the ongoing shift to this green form of power in the country inevitable, the report added.

And Oman’s Authority for Electricity Regulation recently launched the Sahim initiative which allows residents to install solar panels on their houses while still connected to the national power grid.

According to the report most Omani residents believe they can put solar panels on their roofs, but added that the public and private sectors needed to commit further to the push for green power.


Apple’s Cook to China: keep opening for sake of global economy

Updated 23 March 2019
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Apple’s Cook to China: keep opening for sake of global economy

  • Cook’s comments come as Apple weathers sinking sales in China
  • Despite official pledges and repeated assurances that China would continue to open its markets

BEIJING: Apple chief executive Tim Cook nudged China on Saturday to open up and said the future would depend on global collaboration, as the United States and China remained locked in a bitter trade dispute.
“We encourage China to continue to open up, we see that as essential, not only for China to reach its full potential, but for the global economy to thrive,” Cook said at a China Development Forum in Beijing.
Despite official pledges and repeated assurances that China would continue to open its markets, some analysts worry that its reform project has slowed or even stalled under President Xi Jinping, who has sought greater control over the economy and a bigger role for state-owned firms at the expense of the private sector.
Cook’s comments come as Apple weathers sinking sales in China because of a contracting smartphone market, increasing pressure from Chinese rivals, and slowing upgrade cycles. The company reported a revenue drop of 26 percent in the greater China region during the quarter ending in December.
Before those results came out, in a January letter to investors, Cook blamed the company’s poor China performance on trade tension between the United States and China, suggesting that pressure on the economy was hurting sales in China.