Energy Transition

Cost soars by $3.5bn at Saudi Arabia's Neom green hydrogen mega-project as inflation bites

Budget increased to $8.5bn at flagship desert project to be powered by 4GW of wind, solar and batteries, update from partner reveals

An artist's impression of The Line, the 170km glass-fronted megastructure now under construction at Neom city, Saudi Arabia, where the Neom green hydrogen project is situated.
An artist's impression of The Line, the 170km glass-fronted megastructure now under construction at Neom city, Saudi Arabia, where the Neom green hydrogen project is situated.Photo: Neom
Published 6 February 2023, 16:31Updated 6 February 2023, 17:07
NeomAir ProductsACWA PowerSaudi ArabiaMiddle East