The Renewables vertical of Larsen & Toubro has signed a Memorandum of Understanding with ACWA Power for the Renewables & Grid scope of the Yanbu Green Ammonia Project in Saudi Arabia, according to the company’s release.
The Yanbu Green Hydrogen Hub is planned as an integrated facility with captive renewable electricity generation based solely on solar and wind. The Renewables & Grid scope includes solar PV, wind and battery energy storage system plants, as well as associated substations and transmission lines.
The MOU sets a framework for collaboration to design the optimal configuration and meet performance targets. Larsen & Toubro committed to enter into an engineering, procurement and construction contract once the final proposal is accepted.
Marco Arcelli, Chief Executive Officer at ACWA Power, said: “The rapid pace of development on the Yanbu Green Hydrogen Project is a clear demonstration of our commitment to supporting the Kingdom’s leadership role in the global energy transition. By developing and exporting green ammonia, we aim to support international markets in their decarbonisation efforts and pave the way for a cleaner, more sustainable world.”
T. Madhava Das, Member of the Board and Senior Executive Vice President (Utilities) at Larsen & Toubro, said: “Saudi Arabia is a key leader in supply of clean energy and industrial decarbonisation. The kingdom has achieved remarkable progress in recent years due to the visionary programmes and initiatives. It is strategically located between east and west, produces renewable energy at competitive rates and develops ultra-mega projects with clear timelines. We are happy to contribute to its ambitions of promoting regional and international integration of clean energy, especially along the India – Middle East – Europe economic corridor. The MOU signed with our esteemed customer ACWA is a major milestone in our journey of trusted partnership.”
Larsen & Toubro Limited is a publicly listed Indian multinational engaged in engineering, procurement and construction projects, hi-tech manufacturing, and services. The company operates across multiple industries and geographies and is headquartered in Mumbai, India.
ACWA Power Company is a publicly listed joint stock company incorporated in the Kingdom of Saudi Arabia. It develops, owns and operates power generation and desalinated water production plants and is active in renewable energy and green hydrogen projects.
