ACWA Power to develop largest green hydrogen project in Indonesia
Published by Poppy Clements,
Assistant Editor
Global Hydrogen Review,
The announcement was made on the sidelines of COP28 in Dubai. ACWA Power CEO, Marco Arcelli, signed the agreement with PLN’s CEO, Darmawan Prasodjo and Rahmad Pribadi, CEO of Pupuk Indonesia Holding Co.
The Garuda Hidrogen Hijau (GH2) Project, which is expected to start commercial operations in 2026, will run on 600 MW of solar and wind power, and will produce 150 000 tpy of green ammonia. The cost of the project is estimated to be upwards of US$1 billion.
The bidding process for EPC for the Garuda Hidrogen Hijau project is expected to start in 1Q24, with financial close planned for the end of 2025.
ACWA Power is expanding its green hydrogen portfolio; work is well underway at the 1.2 million tpy NEOM Green Hydrogen Project in Saudi Arabia and planned for completion in late 2026, and the company broke ground on a second project in Uzbekistan, in November 2023.
"Green hydrogen is one of the answers to the energy transition. Therefore, the development of green hydrogen is our focus in efforts to accelerate the energy transition," said PLN President and Director, Darmawan Prasodjo.
President Director of Pupuk Indonesia, Rahmad Pribadi, said: "This collaboration is an extraordinary collaboration. This effort is not only for the benefit of a better environmental future but also to encourage better economic growth in Indonesia in the future.”
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/06122023/acwa-power-to-develop-largest-green-hydrogen-project-in-indonesia/
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