NGHC - NEOM City: Green Fuels: Renewable Energy Project
NEOM Green Hydrogen Company(NGHC), an SPV formed by ACWA Power, NEOM, and Air Products is undertaking the development of a 4000MW renewable energy project as a part of the NEOM Green Fuels Project in Saudi Arabia.
The electricity from the project is used in an electrolyzer to split the oxygen from the hydrogen in the water for the ammonia plant.
The US$2779 million project includes the following:
1. Construction of a 2.2 GWac PV Solar Plant
a. Construction of solar park (2,930MW)
b. Construction of wind park (1,670MW)
2. Construction of 400MWh battery energy storage system comprising a DC capacity of 536MW/600MWh
3. Construction of a power transmission network(190 kilometers)
4. Construction of three switch stations
5. Construction of 380kV solar PV substation
6. Construction of 380kV wind farm substation
7. Construction of 380kV load substation
8. Construction of 380kV 306km overhead transmission line
9. Construction of Underground cables
10. Construction of an Energy Power Monitoring System (EPMS)
11. Construction of associated facilities
Second Section
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24 February 2025
The initial production of ammonia is expected to commence between mid and late 2026. (Source: MEED)
29 December 2024
Thyssenkrupp has delivered half of the more than 2,000MW of electrolyser capacity to the project. (Source: MEED)
11 July 2024
Jinko Power has been appointed as the solar modules supply contractor. (Source: MEED)
08 May 2024
Basic construction works were completed and the first lot of wind turbines reached the project site for installation.
22 April 2024
Construction works are progressing as per the schedule and are expected to be completed by 2026.
10 December 2023
Solar-LIT has been appointed as the supply contractor.
11 November 2023
The first set of wind turbines was successfully delivered by Envision Energy and the additional turbines are expected to be delivered by the end of 2023. The project is expected to be completed by 2026.
13 October 2023
Construction works are ongoing on the project and are expected to be completed by March, 2026.
09 August 2023
Sungrow has signed a contract with Larsen & Toubro to supply inverter skid solutions for a 2.2 GWac PV plant.
26 June 2023
PV Hardware Solutions is appointed as the supply contractor for the project. (Source: MEED)
12 June 2023
Grid Solutions is appointed as the supply contractor and the project is expected to be complete by the Q4 of 2026.
08 June 2023
China's Envision Energy appointed as the supply contractor to supply wind turbines. (Source: MEED)
30 May 2023
L&T is responsible for all the civil, electrical, mechanical, and MEI works on the project.
15 February 2023
Construction works are ongoing on the project.
22 December 2022
The client has signed a facility agreement of US$ 6.5 billion with Abu Dhabi Commercial Bank (UAE),Al-Rajhi Bank (local), Alinma Bank (local),Apicorp (Saudi Arabia),Banque Saudi Fransi (BSF),BNP Paribas (France),Credit Agricole (France),DZ Bank (Germany),First Abu Dhabi Bank (UAE),HSBC (UK), KfW (Germany),Korea Development Bank (South Korea),JP Morgan (US),MUFG Bank (Japan),Mizuho Bank (Japan),Natixis (France),Norinchukin (Japan),Riyad Bank (local),Santander (US/Spain),Saudi National Bank (local),Standard Chartered Bank (UK),Sumitomo Mitsui Banking Corporation (Japan), The client has also announced the execution of a commitment letter with the Saudi Industrial Development Fund (SIDF ). (Source: MEED)
14 December 2022
The project is expected to reach financial investment decision (FID) by end of 2022. (Source: MEED)
07 December 2022
Enervision is working as the wind turbine supplier for the project.
03 November 2022
Mobilization works are ongoing on the project
04 August 2022
Mobilization works have commenced on the project
05 July 2022
The project is expected to reach financial closure by September-October 2022. (Source: MEED)
15 June 2022
The Solar and Wind Power Park projects - Larsen & Toubro (L&T) has been appointed as the EPC contractor on the project. (Source: MEED)
27 May 2022
The capacity of the solar power and wind power plant is expected to be around 2,930MW and 1,370MW respectively and a 400MW Battery Energy Storage System (BESS). The selected EPC contractor will supply renewable energy to the planned 2GW electrolysis plant. (Source: MEED)
23 May 2022
The Solar and Wind Power Park projects- The EPC contractor is not yet announced however it is understood that Power China Huadong is the preferred EPC contractor on the project. (Source: MEED)
08 December 2021
Power China Company is working as Engineering, procurement, and construction (EPC) Contractor for the Substation & Transmission Line Project.
03 November 2021
The Solar and Wind Power Park projects are still in the initial stages of development.
10 August 2021
Solar and Wind Power Park are still in the initial stages of development and there is no news regarding the main contract tender issue yet.
07 June 2021
The project Solar Power Park and Wind Power Park is in the initial study stage. (Source: MEED)
22 March 2021
NEOM Helios Green Fuels: Infrastructure Facility is in the early stage of development.
21 December 2020
Thyssenkrupp will supply a 20MW electrolysis plant to produce hydrogen from solar and wind power park. (Source: MEED)
27 November 2020
The developers has issued Request for proposal (RFP) and the bid submission date is yet unknown.
07 July 2020
ACWA Power announced the signing of an agreement for the renewable power project.