More details on Acwa Power’s Thailand project: Tadawul-listed Acwa Power will establish a USD 7 bn green hydrogen and derivatives production project in Thailand with Thai state-owned energy company PTT Plc and the Electricity Generating Authority of Thailand, according to a statement. The two sides will conduct a feasibility study for the project, the statement said.

The details: The project targets the production of 225k tons of green hydrogen annually — equivalent to 1.2 mn tons of green ammonia per year — in Thailand for local energy consumption and for export.

Background: The two sides agreed to cooperate on green hydrogen and ammonia production just days ago. Thailand and Indonesia are two markets the Saudi renewable energy company is looking to expand to as part of its global expansion, Acwa CEO Paddy Padmanathan said last month. Acwa signed an agreement to provide 575 MW of power and 563k cubic meters of desalinated water to Indonesia Tuban GRR&P’s petrochemicals refinery, according to a statement yesterday, though it isn’t clear if the energy being provided will be green.

OVER IN OUR NECK OF THE WOODS-

Egypt’s Electricity Ministry is mapping out land for 4 GW wind projects to power green hydrogen production: Egypt’s Electricity Ministry is preparing a map of 20 possible sites where investors may be able to run wind projects that would power green hydrogen production under concession agreements, reports local media outlet Amwal Al Ghad, citing official sources. The map will be presented to local and international investors and consortiums that have previously set up wind and solar projects, the sources said. The ministry is reportedly targeting some 4 GW production capacity from the new wind projects, Amwal Al Ghad noted the sources as saying.

REMINDER- Egypt’s gearing up to be awash with green hydrogen: Egypt signed nine framework agreements with international power companies at the summit to establish green hydrogen and ammonia plants in the Suez Canal Economic Zone. The facilities are set to collectively produce up to 7.6 mn tons of green ammonia and 2.7 mn tons of hydrogen a year, with anticipated investment of up to USD 83 bn.