Projects, energy and infrastructure in the GCC – What does 2024 have in store?

Green hydrogen to continue its surge?

Last year was big for the green hydrogen industry in the GCC. Alongside the dozens of MOUs entered into and announcements made at COP:

• In May, the USD8.4 billion NEOM Green Hydrogen Project in KSA reached financial close, the world’s largest commercial-scale green hydrogen production facility to reach this point (we advised the ECAs and lenders).
• In June, the EU published its Delegated Acts relating to renewable fuels of non-biological origin (RFNBOs) under RED II, with the text remaining unchanged from that which we reported on…