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NEOM completes $8.4bn financial close

May 23, 2023

NEOM Green Hydrogen Company has completed the $8.4bn financial close of its gigantic green hydrogen project in Saudi Arabia.

The company is a joint venture between ACWA Power, Air Products and NEOM; and has secured $6.1bn non-recourse funding for the project from 23 local, regional and international banks and financial institutions. This follows the announcement on 1st March of the funding needed for financial close.

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