Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • EU–China Energy Diplomacy Amid German Hydrogen Retrenchment: A Deep Dive
  • Merredin BESS Secures $220M Financing but Pays Premium over Global Battery Cost Benchmarks
  • Brazil Stakes Claim in Global Hydrogen Race with €1.3B Investment in Uberaba and Açu Projects
  • Bremen Project Collapse Reveals Fragile Economics Behind Germany’s Green Hydrogen Hopes
  • The Hydrogen Heating Mirage: Why Germany’s “H₂-Ready” Promise Risks Locking in High Costs and Low Returns
  • How Lyten’s Salvage Mission Could Upend Europe’s Battery Wars
  • Doug Wicks on Why Energy Innovation Is Broken—and How to Fix It
  • Cost and Policy Roadblocks Stall LEAG’s H2UB Boxberg Green Hydrogen Hub
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Breaking News
Green Hydrogen H2 News

ACWA Power in $8.5B financing for NEOM green hydrogen project

Arnes BiogradlijaBy Arnes Biogradlija01/03/20232 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

The NEOM Green Hydrogen Project (NGHP), which is anticipated to be put into service in 2026, has inked financing agreements for a total investment of $8.5 billion with Saudi Arabian utility developer ACWA Power, which is partially owned by the sovereign Public Investment Fund.

The investment was made with NEOM Green Hydrogen Company (NGHC), a joint venture between ACWA Power, Air Products, and NEOM Company, with ACWA Power holding a 33.3% equity stake, the utility said in a statement on Riyadh’s Tadawul exchange on Wednesday. The investment was funded by a combination of long-term debt and equity.

The $5.852 billion in senior debt and $475 million in mezzanine lending facilities that make up the total financing were both negotiated on a non-recourse project finance basis:

  • $1.50 billion from the National Infrastructure Fund (NIF) through the National Development Fund (NDF) (NIF).
  • The Saudi Industrial Development Fund loan totaling $1.25 billion is in Saudi Riyals (SIDF).

The remaining amount is provided by a group of investors, and it is structured as a combination of long-term uncovered tranches and a covered Euler Hermes tranche. There are many financial institutions involved, including First Abu Dhabi Bank, HSBC, Standard Chartered Bank, Mitsubishi UFJ Financial Group, BNP Paribas, Abu Dhabi Commercial Bank, Natixis, Saudi British Bank, Sumitomo Mitsui Banking Corporation, Saudi National Bank, KFW, Riyad Bank, Norinchukin Bank, Mizuho Bank, Banque Saudi Fransi, Alinma Bank, APICORP, JP Morgan, DZ Bank, Korea Development Bank,

Under a 30-year green ammonia offtake agreement with Air Products, NGHP entails the complete setup and operation of a multi-billion-dollar green hydrogen and green ammonia factory in the NEOM region of Saudi Arabia.

Share. LinkedIn Twitter Facebook Email

Related Posts

Hydrogen

EU–China Energy Diplomacy Amid German Hydrogen Retrenchment: A Deep Dive

02/07/2025
BESS

Merredin BESS Secures $220M Financing but Pays Premium over Global Battery Cost Benchmarks

02/07/2025
hydrogen

Brazil Stakes Claim in Global Hydrogen Race with €1.3B Investment in Uberaba and Açu Projects

02/07/2025
Hydrogen

Bremen Project Collapse Reveals Fragile Economics Behind Germany’s Green Hydrogen Hopes

02/07/2025
Hydrogen

The Hydrogen Heating Mirage: Why Germany’s “H₂-Ready” Promise Risks Locking in High Costs and Low Returns

02/07/2025
Battery

How Lyten’s Salvage Mission Could Upend Europe’s Battery Wars

02/07/2025
Hydrogen

EU–China Energy Diplomacy Amid German Hydrogen Retrenchment: A Deep Dive

02/07/2025
BESS

Merredin BESS Secures $220M Financing but Pays Premium over Global Battery Cost Benchmarks

02/07/2025
hydrogen

Brazil Stakes Claim in Global Hydrogen Race with €1.3B Investment in Uberaba and Açu Projects

02/07/2025
Hydrogen

Bremen Project Collapse Reveals Fragile Economics Behind Germany’s Green Hydrogen Hopes

02/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.