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Acwa Power takes a big step in Indonesia’s green hydrogen market:Tadawul-listed Acwa Power signed an agreement with Indonesia’s PT Perusahaan Listrik Negara (PLN) to build the largest green hydrogen facility in Indonesia, according to a press release.
In numbers: The USD 1 bn project — dubbed the Garuda Hidrogen Hijau (GH2) — will have a capacity of 150k tonnes of green hydrogen annually, powered by 600 MW of solar and wind energy. Commercial operations for GH2 will begin in 2026. PLN is targeting a 31.6 GW renewable power capacity expansion between 2024 and 2033, and has launched a USD 20 bn green investment strategy two weeks ago.
Not the first PLN-Acwa Power partnership: Acwa partnered with the state-owned company last year to develop a 4 GW battery storage facility and a hydroelectric-powered green hydrogen production facility. PLN also tapped Acwa to develop two floating solar PV solar projects worth USD 105 mn last year. Indonesia’s President Joko Widodo concluded a state visit where he discussed increasing bilateral cooperation in the renewable energy sector with KSA’s Crown Prince Mohammed bin Salman
Acwa Power is not the only regional player eying Indonesia’s green sector: PLN partnered with Masdar on its 145 MW Cirata floating solar plant with plans to add up to 500 MW capacity to the project. In February, Masdar acquired shares in the geothermal unit of Indonesian government-owned geothermal utility Pertamina.
ACWA ALSO CHASING BUSINESS IN KUWAIT-
A joint bid by Acwa and Kuwait-based Gulf Investment Corporation was shortlisted by the Kuwait Authority for Partnership Projects (KAPP) to build key independent water and power projects, TradeArabia reports.
The competition: Groups led by Saudi’s Abdul Aziz Al Ajlan Sons and Company, Abu Dhabi’s Taqa, and China Power International Holding.
About the projects: Az-Zour North IWPP will have a net capacity of 2.7 GW of power and 120 MIGD of desalinated water, while the Al Khairan IWPP will have a net capacity of at least 1.8 GW and 33 MIGD of desalinated water. Both plants will operate with a mix of liquified natural gas and high-pressure natural gas with gas as a backup fuel.
