ACME to invest $3.5 billion in a 3.5 GW green hydrogen facility in Oman

ACME, an Indian clean energy developer, has signed an agreement to advance a 3.5 GW green hydrogen and green ammonia facility in Oman. The agreement was signed with Oman governments’ Public Authority for Special Economic Zones and Free Zones. The deal entails an investment of $3.5 billion into the Special Economic Zone at Port of Duqm in central Oman.

The integrated facility will produce 2,400 tons of green ammonia daily with an expected production of approximately 900,000 tons. The electrolysers at the facility will be powered by 3 GW of solar energy and 0.5 GW of wind energy. The plant would be developed in phases and the first phase is likely to be commissioned by end of 2022. When operational, it will export green ammonia to demand hubs like Europe and Asia.

The construction of the facility is expected to begin after ACME’s first green hydrogen and green ammonia facility at Bikaner, India, is commissioned. The Oman facility will be ACME’s second project in green hydrogen and green ammonia. ACME Group has developed a solar portfolio of 6 GW spanning across 12 states in India. At present, out of the 5.25 GW portfolio that the company holds, 2.2 GW is operational and 3.05 GW is under development.

The announcement of the project follows the recent announcement of the National Hydrogen Mission in India. It is expected to boost the Indian government’s target of making India a manufacturing and export hub of green hydrogen.