Larsen & Toubro (L&T), through its Renewables (RENU) division, has entered into a Memorandum of Understanding (MOU) with ACWA Power to collaborate on the Renewables and Grid components of the Yanbu Green Ammonia Project in Saudi Arabia. This groundbreaking initiative, known as the Yanbu Green Hydrogen Hub, is designed to be a fully integrated facility powered entirely by renewable energy sources, primarily solar and wind.
The Renewables and Grid scope of the project will include the development of Solar PV and Wind farms, along with a Battery Energy Storage System (BESS), substations, and transmission lines. The MOU establishes a framework for L&T and ACWA Power to jointly design the optimal configuration for the project, with a focus on achieving high performance and meeting critical sustainability targets. Upon final proposal acceptance, L&T will proceed to formalize the collaboration with an EPC (engineering, procurement, and construction) contract. This partnership leverages L&T’s expertise in EPC, ensuring the seamless integration of various renewable energy technologies while maintaining the highest standards of safety, quality, and performance.
Marco Arcelli, CEO of ACWA Power, commented, “The fast-paced development of the Yanbu Green Hydrogen Project is a testament to our commitment to advancing Saudi Arabia’s leadership in the global energy transition. By producing and exporting green ammonia, we aim to assist international markets in their decarbonization efforts and contribute to a sustainable future.”
T Madhava Das, Member of the Board and Senior Executive Vice President (Utilities) at L&T, added, “Saudi Arabia is a key player in clean energy and industrial decarbonization. The Kingdom has made impressive strides thanks to visionary programs and initiatives, and with its strategic location, competitive energy production, and large-scale project development, it is poised to drive regional and global clean energy integration. This MOU with ACWA Power marks a significant step forward in our ongoing partnership and our shared mission to promote clean energy along the India-Middle East-Europe economic corridor.”
Larsen & Toubro (L&T) is a leading Indian multinational conglomerate with a strong presence across multiple industries, including engineering, construction, manufacturing, technology, and financial services. Known for its commitment to innovation and excellence, L&T has played a pivotal role in transforming India’s infrastructure landscape.
The company has delivered landmark projects in sectors such as transportation, power, water, and heavy engineering, earning a reputation for its technical expertise and project execution capabilities. L&T’s strategic focus on digital transformation, sustainability, and smart technologies has enabled it to maintain a competitive edge in the global marketplace.
L&T’s diversified portfolio also includes significant contributions to the aerospace, defense, and IT sectors. The company’s robust research and development capabilities ensure it remains at the forefront of cutting-edge technologies, from automation to artificial intelligence. With a global footprint spanning across 30+ countries, L&T continues to expand its operations and strengthen its position as a trusted partner for large-scale infrastructure and technology projects. The company is deeply committed to sustainable growth, consistently implementing green practices and eco-friendly solutions in its operations.
