ACWA signs up with IDC on green hydrogen possibilities
- Date: 24-Oct-2022
- Source: Energy Voice
- Sector:Oil & Gas
- Country:Saudi Arabia
ACWA signs up with IDC on green hydrogen possibilities
ACWA Power has signed up to work on green hydrogen plans in South Africa, which may be worth up to $10 billion.
The agreement, with Industrial Development Corp. (IDC), was signed in Saudi Arabia during President Cyril Ramaphosa’s visit.
ACWA will act as a developer of green hydrogen and its derivatives in South Africa, it said. IDC will act as a co-developer and equity partner. The memorandum of understanding (MoU) will explore the options for such a partnership.