L&T leads the race to build NEOM $6.4B hydrogen renewables facilities

Saudi Arabia’s NEOM Green Hydrogen Co. has chosen Larsen & Toubro of India to develop solar and wind facilities to supply power to the city’s $6.4 billion green hydrogen-based ammonia facility.

The project’s electricity is supplied by ACWA Power, one of the three equity partners in NGHC, together with Air Products and NEOM Co. The company, which is located in Riyadh, has declined to comment on the report.

L&T, along with Energy China and Power China, made a proposal for a renewable energy infrastructure engineering, procurement, and construction contract.

According to a person familiar with the project, the contract comprises the building of a 2,930 MW solar power plant, a 1,370 MW wind farm, and a 400 MW battery energy storage system.

A 190-kilometer power transmission network is also included in the deal.

The proposed wind and solar power plants will be erected in northwest Saudi Arabia, near the OXAGON industrial zone in NEOM, where the hydrogen plant would be built.