ACWA Power Signs Deal to Develop the Largest Green Hydrogen Project in Indonesia

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). The Garuda Hidrogen Hijau (GH2) Project, which is expected to start commercial operations in 2026, will run on 600 MW 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.

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