ACWA Power, a Saudi Arabian company, is set to complete the first phase of a significant green hydrogen project in Egypt by 2028, with an investment of USD 4 billion. The project aims to produce 600,000 tonnes of green ammonia annually, with plans for future expansions to increase capacity. The renewable energy required for the plant will be sourced locally, enhancing sustainability and supporting Egypt's environmental objectives. ACWA Power's broader renewable energy portfolio in Egypt includes projects totaling over USD 10 billion, with a focus on clean energy production. The green hydrogen project aligns with Egypt's goal to become a regional clean energy hub and reflects ACWA Power's commitment to expanding renewable energy initiatives globally.