Hydrogen Oman (Hydrom), an Energy Development Oman subsidiary, has signed major agreements with international consortium to develop two green hydrogen projects in Al Wusta. The two agreements represent a total investment value of $10 billion, Zawya reported, citing the Oman News Agency. The total estimated production of the two projects will be 250,000 metric tonnes of […]
energy transition
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Oman awards $6.7 billion contract for world’s largest green hydrogen plant
Construction of Duqm’s massive green hydrogen plant is scheduled to start in 2028
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Saudi contractor to invest $2.7 billion in Kingdom’s futuristic city NEOM
Alfanar Projects (formerly Alfanar construction) has announced plans to inject nearly SR10 billion ($2.7 billion) for the development of five residential communities in NEOM, a mega project under construction in Saudi Arabia, Trade Arabia reported. A leading global project developer and provider of engineering, construction and technology solutions with roots in Saudi Arabia, Alfanar said […]
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Green hydrogen could create up to 2 million jobs globally per year: Deloitte
As support for clean hydrogen as a reliable, sustainable energy source strengthens, the market for green hydrogen is expected to grow to $1.4 trillion per year by 2050 while supporting up to 2 million jobs globally per year between 2030 and 2050, a new report by Deloitte finds. Green hydrogen—produced by splitting hydrogen atoms from […]
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Saudi: ACWA Power signs $1.5 billion project deal in Kazakhstan
Saudi Arabia’s ACWA Power has signed a roadmap agreement with the Ministry of Energy of Kazakhstan and Samruk-Kazyna, the country’s Investment Development Fund, for a major wind energy and battery storage project, according to a press statement from the company. The agreement paves the way for the construction of a 1GW project in Kazakhstan, marking […]
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ADNOC announces milestone for landmark Fujairah project
ADNOC has announced a milestone for its unique CO2 to rock project, which will utilise a pilot technology that permanently mineralises CO2 within rock formations found in the Emirate of Fujairah. Solar panels for the project have been installed by Masdar at the site, which will provide the energy required to capture carbon dioxide from […]
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L&T awards major contract for futuristic NEOM megaproject
Larsen & Toubro (L&T) has awarded a contract to Grid Solutions, an integral part of the GE Vernova portfolio of energy businesses, to supply gas-insulated substations (GIS) for the world’s largest utility-scale hydrogen plant to be powered entirely by renewable energy. In December 2022, NEOM Green Hydrogen Co (NGHC) named Indian contractor L&T as the sub-EPC contractor for its […]
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NEOM awards contract for world’s largest hydrogen plant
Envision Energy announced that it has signed a contract to supply 1.67 GW wind turbines from NEOM Green Hydrogen Co for the world’s largest utility-scale hydrogen plant powered entirely by renewable energy. The mega plant is located at Oxagon, Saudi Arabia’s region of NEOM. Under the contract, Envision’s wind turbines will be installed and are expected to […]
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Saudi Arabia’s energy megaprojects: 3 upcoming developments you need to know about
Saudi Arabia has announced several ambitious plans to launch a wave of megaprojects that are set to transform the country into a global economic powerhouse, as reported by Arabian Business. With investment totaling billions of dollars, the kingdom is embarking on a journey to diversify its economy away from oil, create jobs, and boost its international standing […]
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TotalEnergies selected for $4.5 billion hydropower project in Mozambique
Mozambique has selected a consortium including TotalEnergies and Electricite de France in a $4.5 billion hydroelectric project in the south-east African nation as investment in clean energy continues to climb. The 1,500-megawatt Mphanda Nkuwa dam and an associated transmission line is aimed at easing the power crisis in the region, Bloomberg reported on Friday, citing a government statement. Japan’s Sumitomo […]
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