06-12-2023
ACWA Power signs deal to develop the largest green hydrogen project in Indonesia
Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, is set to develop in the largest green hydrogen facility in Indonesia with PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider and PT Pupuk Indonesia, a state-owned fertiliser and chemical producer.
The announcement was made on the sidelines of 28th United Nations Climate Change Conference (COP28) underway in Dubai. ACWA Power CEO Marco Arcelli signed the agreement with PLN’s CEO Darmawan Prasodjo and Rahmad Pribadi - CEO of Pupuk Indonesia Holding Company.
Marco Arcelli, Chief Executive Officer of ACWA Power said: "We are honoured to deepen our relationships with the government and government entities of this vibrant, ambitious nation through this new green hydrogen project. As we expand our footprint in Indonesia, we remain committed to supporting sustainable progress, for a greener future for all."
The Garuda Hidrogen Hijau (GH2) Project, which is expected to start commercial operations in 2026, will run on 600MW of solar and wind power, and will produce 150,000 tonnes of green ammonia per year. The cost of the project is estimated to be upwards of $1 billion.
The bidding process for engineering procurement and construction (EPC) for the Garuda Hidrogen Hijau project is expected to start in the first quarter of 2024, 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 tonne-per-year 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 Director Darmawan Prasodjo.
"We see a strong commitment from the government, PLN, Pupuk Indonesia and ACWA Power, therefore we are ready to support this joint development effort of green hydrogen and green ammonia to achieve common goals," said Mr. Darmawan Prasodjo, President Director and CEO of PLN.
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.”
The company is also growing its presence in Indonesia after it was awarded the contracts to develop two floating offshore solar photovoltaic (PV) plants in October 2022.
News Category:
-
Air Liquide's innovative large scale CO₂ liquefaction technology, Cryocap LQ, has been selected by Stockholm Exergi, Stockholm’s energy company, to contribute ...
25-07-2024
-
Airbus to boost sustainable aviation fuel production through investment in LanzaJet
Airbus is investing in LanzaJet, a leading sustainable fuels technology company and producer, in line with its ambition to act as a catalyst for the global development ...
25-07-2024
-
Lhyfe, one of the world’s pioneers in the production of green hydrogen, today announced a partnership with Elyse Energy, a pioneer in the production of low-carbon molecules. ...
25-07-2024
-
Sempra Infrastructure announces EPC contract with Bechtel for Port Arthur LNG Phase 2
Sempra Infrastructure, a subsidiary of Sempra, today announced that Port Arthur LNG Phase 2 and Bechtel Energy (Bechtel) have signed a fixed-price engineering, procurement ...
25-07-2024
-
Airbus partners with Avolon to explore future of hydrogen aviation
Airbus has announced a new partnership with aircraft lessor, Avolon, to study the potential of hydrogen-powered aircraft, marking the very first collaboration of the ...
25-07-2024
-
PETRONAS acquires land for carbon capture and storage hub in Peninsular Malaysia
PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd ('PCCSS'), has signed a land rental agreement with Kuantan Port Consortium Sdn Bhd ('Kuantan Port') to ...
25-07-2024
-
Repsol and Iberia sign an agreement with Inditex to use 5% of SAF for the transport of its air cargo
Repsol and Iberia have signed an agreement with Inditex for the purchase of sustainable aviation fuel (SAF). The SAF used represents 5% of the fuel that Iberia uses to ...
25-07-2024
-
IPCEI funding approval paves way for progress at bp’s Lingen green hydrogen project
bp has been granted funding, provided jointly by BMWK and Lower-Saxony Government, as part of the European IPCEI Hy2Infra wave for a green hydrogen project in Germany. The ...
25-07-2024
-
DNV completes CCS directive guidance to facilitate sustainable CO2 storage in the EU economic area
DNV, the independent energy expert and assurance provider, has successfully supported the European Commission’s update of the four non-binding Guidance Documents (GDs) ...
24-07-2024
-
Newly commissioned terminal capacity expands availability of SAF at central and eastern US airports
Neste has commissioned terminal capacity at ONEOK’s terminal in Houston, Texas for blending and storing Neste MY Sustainable Aviation Fuel™. This is a major step ...
24-07-2024