{"id":99216,"date":"2025-07-30T00:00:00","date_gmt":"2025-07-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/30\/acwa-power-is-reportedly-moving-ahead-with-its-second-mega-green-hydrogen-plant-in-saudi\/"},"modified":"2025-07-30T00:00:00","modified_gmt":"2025-07-30T00:00:00","slug":"acwa-power-is-reportedly-moving-ahead-with-its-second-mega-green-hydrogen-plant-in-saudi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/30\/acwa-power-is-reportedly-moving-ahead-with-its-second-mega-green-hydrogen-plant-in-saudi\/","title":{"rendered":"Acwa Power is reportedly moving ahead with its second mega green hydrogen plant in Saudi"},"content":{"rendered":"

<\/strong>A s<\/strong>econd gree<\/strong>n hydrogen plant incoming:<\/strong> Acwa Power is tapping Spain's Tecnicas Reunidas and China\u2019s Sinopec Guangzhou for a front-end engineering design contract for Saudi Arabia's second multi-bn USD green hydrogen plant in Yanbu, Bloomberg<\/a> reports, citing a trading note by the Spanish firm. The two firms will complete the plant\u2019s design within 10 months before bidding for the construction contract.<\/p>\n

About the project:<\/strong> The new plant, which will run on solar and wind power, will have an electrolysis capacity of 4 GW and is expected to produce 400k tons of green hydrogen annually for export markets. Commercial operations are slated for 2030.<\/p>\n

Doubling down: <\/strong>The project follows limited commercial traction for Acwa Power\u2019s initial USD<\/a>8.5 bn green hydrogen plant<\/a> at Neom, which is set to start operations<\/a> in 2027 and aims to produce 219k tons of green hydrogen annually. Acwa, Neom, and Air Products\u2019 JV Neom Green Hydrogen Company are reportedly shifting attention<\/a> to the local market after a slowdown in securing international buyers. <\/p>\n

Plotting ahead:<\/strong> Acwa just completed a SAR 7.1 bn rights issue this week, after the rump offering was 6x oversubscribed, according to a statement<\/a>. The issuance will grant the company the immediate firepower to continue aggressive expansion, with 75-86% of the proceeds directed toward new projects in the Kingdom, CEO Marco Arcelli told EnterpriseAM Saudi earlier this month<\/a>.<\/p>\n

REMEMBER- <\/strong>The renewables giant inked multiple agreements and MoUs<\/a> with European partners earlier this month to lay the groundwork for a green hydrogen and renewables export corridor between Saudi Arabia and Europe earlier this month.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new plant will have an electrolysis capacity of 4 GW and produce 400k tons of green hydrogen annually<\/p>\n","protected":false},"author":1,"featured_media":99217,"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":[2570],"tags":[448,2425,10,2563,451],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-99216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-acwa-power","tag-energy","tag-enterpriseam-ksa","tag-hydrogen","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"c54b22cb-543b-4db0-8db4-02b2ca6f4175","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1880.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power taps Tecnicas Reunidas, Sinopec Guangzhou for designing Saudi Arabia\u2019s second green hydrogen plant","related_issue":[99206],"teaser":"The new plant will have an electrolysis capacity of 4 GW and produce 400k tons of green hydrogen annually","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.4342aba2-f5be-4ab1-a02a-9ff56826f36b.mp3"},"yoast_head":"\nAcwa Power is reportedly moving ahead with its second mega green hydrogen plant in Saudi - 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