ACWA Power signs a groundbreaking deal during COP28 in Dubai to build Indonesia's largest green hydrogen project, set to produce 150,000 metric tons of green ammonia annually using 600MW of renewable energy.
Amidst COP28, ACWA Power, a prominent player in energy transition, spearheads the development of Indonesia's monumental green hydrogen facility in partnership with PLN and PT Pupuk Indonesia. This collaboration underscores ACWA Power's commitment to global green hydrogen expansion.
Set to commence operations in 2026, the Garuda Hidrogen Hijau (GH2) Project will harness 600MW of solar and wind energy, generating 150,000 metric tons of green ammonia annually with an estimated cost exceeding $1 billion.
The project's engineering procurement and construction (EPC) bidding process will kickstart in Q1 2024, aiming for financial closure by late 2025. ACWA Power's green hydrogen portfolio extends to Saudi Arabia's NEOM Green Hydrogen Project and a recent endeavor in Uzbekistan.
PLN's President Director, Darmawan Prasodjo, highlights the pivotal role of green hydrogen in accelerating the energy transition, echoing the shared commitment among stakeholders towards this sustainable endeavor.
Rahmad Pribadi, President Director of Pupuk Indonesia, emphasizes the collaboration's transformative potential, envisioning environmental and economic growth through this joint effort.
ACWA Power's expansion in Indonesia, marked by previous projects in floating offshore solar PV plants, exemplifies its dedication to sustainable energy solutions in the region.
ACWA Power's commitment to fostering sustainable energy solutions is vividly illustrated by its monumental strides in green hydrogen projects globally. The collaborative efforts with Indonesian entities signify a collective push towards a greener and more economically vibrant future for the nation.