{"id":82626,"date":"2023-12-07T00:00:00","date_gmt":"2023-12-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2023\/12\/07\/acwa-power-partners-up-with-indonesias-pln-for-green-hydrogen-production\/"},"modified":"2023-12-07T00:00:00","modified_gmt":"2023-12-07T00:00:00","slug":"acwa-power-partners-up-with-indonesias-pln-for-green-hydrogen-production","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2023\/12\/07\/acwa-power-partners-up-with-indonesias-pln-for-green-hydrogen-production\/","title":{"rendered":"Acwa Power partners up with Indonesia\u2019s PLN for green hydrogen production"},"content":{"rendered":"

Acwa Power takes a big step in Indonesia\u2019s green hydrogen market:<\/strong>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<\/a>. <\/p>\n

In numbers: <\/strong>The USD 1 bn project \u2014 dubbed the Garuda Hidrogen Hijau (GH2) \u2014 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<\/a> expansion between 2024 and 2033, and has launched a USD 20 bn green investment strategy<\/a> two weeks ago.<\/p>\n

Not the first PLN-Acwa Power partnership:<\/strong> Acwa partnered with the state-owned company last year to develop a 4 GW battery storage facility<\/a> 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<\/a>. Indonesia\u2019s President Joko Widodo concluded a state visit where he discussed increasing bilateral cooperation in the renewable energy sector with KSA\u2019s Crown Prince Mohammed bin Salman<\/p>\n

Acwa Power is not the only regional player eying Indonesia\u2019s green sector:<\/strong> PLN partnered with Masdar on its 145 MW Cirata floating solar plant<\/a> with plans to add up to 500 MW<\/a> capacity to the project. In February, Masdar acquired shares<\/a> in the geothermal unit of Indonesian government-owned geothermal utility Pertamina.<\/p>\n

ACWA ALSO CHASING BUSINESS IN KUWAIT-<\/strong><\/p>\n

A joint bid by Acwa and Kuwait-based Gulf Investment Corporation was shortlisted<\/strong> by the Kuwait Authority for Partnership Projects (KAPP) to build key independent water and power projects, TradeArabia<\/a> reports.<\/p>\n

The competition: <\/strong>Groups led by Saudi\u2019s Abdul Aziz Al Ajlan Sons and Company, Abu Dhabi\u2019s Taqa, and China Power International Holding. <\/p>\n

About the projects: <\/strong>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.<\/p>\n","protected":false},"excerpt":{"rendered":"

The USD 1 bn agreement will be powered by 600 MW of solar and wind energy<\/p>\n","protected":false},"author":1,"featured_media":82627,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4395],"tags":[448,589,2425,10,464],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-hydrogen","tag-acwa-power","tag-desalination","tag-energy","tag-enterpriseam-ksa","tag-green-hydrogen","wpautop","entry"],"acf":{"mongo_id":"3013dc59-f141-4f39-82bc-a5a452f7527d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/429.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power partners up with Indonesia\u2019s PLN for green hydrogen production","related_issue":[82617],"teaser":"The USD 1 bn agreement will be powered by 600 MW of solar and wind energy","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.76e87039-4b91-4b16-99eb-97c483e509d5.mp3"},"yoast_head":"\nAcwa Power partners up with Indonesia\u2019s PLN for green hydrogen production - 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