ACWA Power will act as the lead developer, investor, and operator of green hydrogen and green ammonia production facilities, while SEFE will serve as a co-investor and primary offtaker
ACWA Power and Snam will assess the feasibility of a green hydrogen supply corridor linking Saudi Arabia with key European markets, including Italy, Austria, and Germany
The project, which aims to produce 300 tonnes of green ammonia per day, is part of ACME’s strategy to position Oman as a global hub for green hydrogen and ammonia production.
Located in Oxagon, NEOM, Saudi Arabia, the mega-plant integrates up to 4GW of solar and wind energy to produce 600 tonnes of green hydrogen per day by the end of 2026.
The collaboration aligns with Masdar’s strategy to achieve a renewable energy portfolio of 100 GW by 2030 while advancing its ambitions in green hydrogen production.
Once operational in Q3 2026, Al Ajban is expected to generate enough electricity to power 160,000 homes and reduce carbon dioxide emissions by over 2.4 million tons annually.
ACWA Power’s power generation capabilities have expanded by 2.4 GW in 2024, with 2.2 GW of projects achieving partial or full commercial operations within the first nine months
