ACWA Power signs green hydrogen production MoU in Thailand

Facebook
Twitter
LinkedIn
Reddit
Email
The companies will first focus on carrying a feasibility study for proposed green hydrogen and derivatives projects in Thailand. Image: ACWA Power.

Saudi Arabian renewables developer ACWA Power has signed a memorandum of understanding (MoU) to develop green hydrogen projects in Thailand.

Signed with Thai’s national energy company PTT Public Company and state-owned Electricity Generating Authority of Thailand (EGAT), the companies will collaborate to establish large-scale renewable-powered green hydrogen plants for local consumption and with the purpose of exporting it too.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Through the MoU the companies expect to produce 225,000 tonnes per year of green hydrogen, equivalent to 1.2 million tonnes of green ammonia.

The immediate focus will be to carry an investment feasibility study for proposed green hydrogen and derivatives projects in Thailand.

The Saudi-based developer continues to expand its commitment to green hydrogen after signing a joint development agreement in Oman in the first half of the year.

Auttapol Rerkpiboon, president and CEO of PTT Public Company, said: “The collaboration with international leading companies such as ACWA Power and EGAT to explore and study the opportunity to invest in green hydrogen is a significant milestone for PTT to promote Thailand’s low-carbon society along with improving the quality of life of Thai people, developing societies, communities, the environment, and strengthen Thailand’s economy to grow together sustainably.”

Earlier this month, ACWA Power entered the Indonesian market with its first floating solar PV projects with 60MW and 50MW of capacity respectively. The company also signed an MoU last week in Indonesia with state-owned power company PT Perusahaan Listrik Negara (PLN), covering the development of battery storage for renewable energy and green hydrogen production in the country.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 21, 2024
Sydney, Australia
Solar Media Events
May 21, 2024
Napa, USA
Solar Media Events
May 22, 2024
London, UK
Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)