MEDC targets 15,000 kW of solar PV capacity in Muscat by year-end
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Ambitious goals: Oman anticipates around 30 per cent of its power requirements coming from renewable energy resources by 2030
Grid-connected solar PV systems installed by various government, commercial and residential customers on their premises in Muscat Governorate are projected to offer a total of around 15,000 kW (kilowatts) of renewable generation capacity by the end of 2021.
According to Muscat Electricity Distribution Company (MEDC), the state-owned utility licensed to distribute and supply power to customers across the capital region, the figure represents a nearly four-fold increase from the 4,148 kW of capacity installed as of end-2020.
TORONTO, May 25, 2021 (GLOBE NEWSWIRE)
CAARY CAPITAL LTD. (“CAARY” or the “Company”) is pleased to announce that after raising a total of CAD $1,600,000 from accredited investors in Canada in an equity seed round, the Company has launched equity crowdfunding campaigns for Canadian and U.S. investors on
FrontFundr and
Fundable. In January 2021, senior fintech investment strategist John MacKinlay was appointed Chief Executive Officer of the Company to drive development of the product, its market, and partners, as well as to lead investment rounds and oversee early-stage commercialization of CAARY to build market share in the Canadian SME payments category, in which over CAD $40 billion is transacted annually. CAARY’s minimum viable product (“MVP”) is set to launch in July 2021, and has been developed to help Canada’s more than 1.2 million small and medium-sized businesses (“SMEs”) overcome common hurdles in business credit, expense management, and payments.
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