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Renewables Finance Saudi Arabia
Stuart Penson
26 April 2023
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Middle East primed for more mega-projects

US also well placed as developers eye IRA support, but hesitancy has crept into European hydrogen sector after some early gains

The progression to FID of the $8.5bn Neom green hydrogen and ammonia project in Saudi Arabia demonstrates investor appetite for the sector, and more mega-projects are likely to materialise in the Middle East. Interest is also growing in North Africa as a production location as developers seek the perfect blend of wind and solar, says Andrew Doyle, Emea energy project finance specialist at Japanese bank MUFG, in an interview with Hydrogen Economist. Reaching FID on the Neom project was a significant breakthrough, but how has the broader hydrogen investment landscape evolved over the last 12 months? Andrew Doyle, Emea energy project finance

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InterContinental eyes continued partnership with IOCs
24 July 2025
Green hydrogen developer advances mega projects in Australia and Oman as key shareholders Shell and BP remain invested
Hydrogen leakage poses growing threat to green scale-up
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
Ammonia ambitions to help drive gas demand
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
Stellantis halts hydrogen vehicle programme
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets

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