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…