Indonesia is set to embark on its most ambitious green hydrogen project yet, a venture valued at over $1 billion, propelled by the collaboration between Saudi Arabia’s energy giant ACWA Power, Indonesian utilities company PT Perusahaan Listrik Negara (PLN), and chemicals entity PT Pupuk Indonesia.
Announced at COP28, the project, named Garuda Hidrogen Hijau, aims to become Indonesia’s flagship green hydrogen initiative. Projected to generate an impressive 150,000 tons of green ammonia annually, it represents a significant stride toward the nation’s commitment to sustainable energy practices.
Garuda Hidrogen Hijau will be fueled by 600 megawatts of renewable energy, underlining ACWA Power’s dedication to advancing sustainable solutions on a global scale. This aligns with the company’s strategic vision to expand its green hydrogen footprint.
The project signifies ACWA Power’s continuous efforts to contribute to Indonesia’s energy transition. In 2022, the company had inked a memorandum of understanding (MoU) with PLN during the B20/G20 Summit, marking a commitment to various initiatives, including pump storage for hydroelectricity, battery energy storage, and the development of green hydrogen and ammonia facilities.