Marubeni, PIF sign MoU for Saudi Arabian clean hydrogen project
Marubeni Corporation has signed an MOU with the Public Investment Fund (PIF) to develop a clean hydrogen project in Saudi Arabia. Initially, Marubeni and PIF will conduct a feasibility study for producing clean hydrogen in Saudi Arabia with the aim of supplying both domestic and international markets. PIF is actively developing projects to help Saudi Arabia achieve its net zero GHG emissions target by 2060.
Marubeni has ownership interests in four projects in Saudi Arabia. By utilizing the knowledge it has acquired through its business development and operations in the country, it will proceed with this project together with PIF.
Through this project, Marubeni will contribute to the sustainable growth of global society and Saudi Arabia. PIF is playing a critical role in advancing Saudi Arabia’s economic transformation and diversification.
Country updates
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January 24, 2023
EPC Contract signed for 300 MW solar project in Saudi Arabia
Elsewedy Electric Company has signed a contract with Al Ghazala Energy Company (subsidiary of Jinko Power) to build a solar power station with a capacity of 300 MW in Saudi Arabia.
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January 24, 2023
Jinko Solar reaches financial close on 300 MW solar PV project in Saudi Arabia
Jinko Solar has achieved financial close on the 300 MW solar photovoltaic project located in the desert area of Saad, about 85 km east of Riyadh in Saudi Arabia. The project secures financ...
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January 19, 2023
ACWA Power, Verbund to co-develop hydrogen projects in the Middle East
ACWA Power and VERBUND have signed a Memorandum of Understanding (MoU) to collaboratively explore the development of green hydrogen projects in the Middle East to supply renewable energy to Central Eu...
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December 09, 2022
PPA signed for 2.06 GW Solar PV project in Saudi Arabia
Power purchase agreements signed for the 2.06 GW Al Shuaibah 2 solar project in Mecca, Saudi Arabia.
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October 26, 2022
ACWA Power, ENERGY CHINA sign EPC for 2.6 GW solar PV project in Mecca
China Energy Engineering Group Co., Ltd. (ENERGY CHINA) announced the signing of an engineering, procurement, and construction (EPC) contract with ACWA Power for the 2.6 GW Al Shuaibah solar photovolt...
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