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NEOM Green Hydrogen is developing a plant at Oxagon in Saudi Arabia [image: SPA].
Acwa Power has announced that it has closed a financing agreement worth $8.5 billion for a major green hydrogen project coming up at Neom.
The finance for the project will come from a combination of long-term debt and equity. The total financing consists of $5.85 billion senior debt and $475 million of mezzanine debt facilities, both arranged on a non-recourse project finance basis.
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