ACWA Power signs a US$7 billion Memorandum of Understanding with Thailand

Saudi Arabia’s renewable energy development company ACWA Power has signed a US$7 billion memorandum of understanding with two Thai state-owned companies, PTT Public and Electricity Generation Authority of Thailand, to develop green hydrogen in Thailand. The partnership will help meet Thailand’s domestic energy needs while enabling export opportunities with the goal of large-scale construction of green hydrogen plants powered by renewable energy.