Larsen & Toubro Expands Renewable Portfolio with Middle East Solar Projects and Hydrogen Deal
Key Ideas
- Larsen & Toubro secures contracts to build two solar PV plants in the Middle East totaling 3.5GW, expanding its renewable capacity to 22GWp.
- The company partners with JinkoSolar for 1GW of n-type TOPCon modules for the NEOM Green Hydrogen Project in Saudi Arabia.
- The NEOM Green Hydrogen Project aims to be the world's largest carbon-free green hydrogen plant with a production capacity of 600 tonnes per day by 2026.
- Larsen & Toubro emphasizes the importance of sustainable energy infrastructure and next-generation technologies in the Middle East projects.
Indian EPC firm Larsen & Toubro has secured contracts to construct two solar PV plants in the Middle East with a combined capacity of 3.5GW. This move will increase Larsen & Toubro's renewable capacity to 22GWp. The company's chairman highlighted the significance of these orders in expanding their green portfolio and embracing next-generation technologies. Additionally, Larsen & Toubro entered into an agreement with JinkoSolar to procure 1GW of n-type TOPCon modules for the NEOM Green Hydrogen Project in Saudi Arabia. The NEOM project aims to become the largest carbon-free green hydrogen plant globally, producing 600 tonnes of hydrogen daily by the project's completion in 2026, powered by 4GW of solar and wind energy. The company also secured a contract to build a 1.8GWac solar PV project as part of Dubai's solar park. Through these ventures, Larsen & Toubro is actively contributing to sustainable energy infrastructure and technological advancements in the Middle East.