The Saudi energy company ACWA Power plans to develop the largest green hydrogen facility in Indonesia, which will produce 150 kt/year of green ammonia, in partnership with PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider and PT Pupuk Indonesia, a state-owned fertiliser and chemical producer.
The Garuda Hidrogen Hijau (GH2) Project, whose cost is estimated at around US$1bn, will notably run on 600 MW of solar and wind power. The bidding process for engineering procurement and construction (EPC) for the GH2 project is expected to start in the first quarter of 2024, with financial close planned for the end of 2025. The project is expected to start commercial operations in 2026,
ACWA Power is expanding its green hydrogen portfolio, as work is underway at the 1.2 Mt/year NEOM Green Hydrogen Project in Saudi Arabia (planned for completion in 2026 also). In addition, the company launched a second hydrogen project in Uzbekistan in November 2023.