Name of Client : Neom Green Hydrogen Company
Estimated Budget : $750,000,000
Facility Type : Power Transmission Lines, Power Grid, Energy Storage, Solar, Wind, Substations
Sector : Power, Renewable
Main Contractor : Larsen & Toubro
Location : Neom, Saudi Arabia
Award Date : 2022-Q2
Status : Construction
Background
Neom, Acwa Power, and Air Products are collaborating to establish renewable energy sources for the Helios Green Fuels Project, which will power its operations. The project is based on world-class technologies that will include the innovative integration of a combined capacity of around four gigawatts of renewable power from onshore solar, wind and storage. The facility will utiliSe solar energy during the day and wind at night to eliminate the need for batteries and expensive storage solutions.
Project Scope
The scope of work includes a wind farm power plant with a capacity of 1680 MW, battery storage facilities for power storage of around 400 MW, electrical grid system to connect the various facilities, wind farm 380 kilovolts (kV) substation, and 380 kV bulk supply point (BSP) substation and transmission line.
The substation and transmission line scope will include 380 kilovolts (kV) gas insulated switchgear (GIS), medium voltage switchgear, power transformer, station service transformers, HV/MV power cables and terminations, AC/DC auxiliary power supply, Control/ protection system, substation automation system (SAS), communication system, fire detection/alarm and safety and fire protection system, civil/structural works and mechanical works, and 200-kilometer overhead transmission line.
Project Status
As of November 2023, NEOM Green Hydrogen Company (NGHC) has received its first delivery of wind turbines at the Port of NEOM, with additional turbines expected to be delivered by the end of 2023.
Project Finance
The Neom Green Hydrogen Company has been formed by a joint venture of Neom, Acwa Power, and Air Products to develop the project. 20 per cent of the project will be funded with equity, while the rest will be through limited-recourse debt.
ENOWA, Neom's subsidiary, represents Neom as the principal shareholder of the project.
Project Schedules
Project Announced : 4Q-2020
EPC ITB : 4Q-2020
EP : 2Q-2022
Construction : 2Q-2023
Completed : 4Q-2026
