Taqa and Acwa Power to build Morocco green hydrogen plants
12 March 2025
Register for MEED’s 14-day trial access
Riyadh-based utility and hydrogen developer Acwa Power and a consortium led by UAE-based Abu Dhabi National Energy Company (Taqa) are among five groups that have been selected to develop green hydrogen-based industrial plants in Morocco.
The projects are estimated to require investments of up to MD319bn ($32.9bn).
"These initiatives aim to position Morocco as a global leader in sustainable energy, focusing on the production of green ammonia, industrial fuels and steel," media reports citing an official statement said.
The groups that have been selected include the ORNX Consortium, comprising US-based Ortus, Spain's Acciona and Germany's Nordex, which aims to build a green ammonia plant; an alliance between Taqa and Spain's Cepsa Alliance
that aims to develop a green ammonia and industrial fuels production facility; and the local Nareva, which proposed the development of a plant that will produce green ammonia, industrial fuels and green steel.
Acwa Power proposed the development of a green ammonia plant, while a Chinese consortium comprising United Energy Group and China Three Gorges plans to produce green ammonia.
These projects align with Morocco’s broader strategy to decarbonise its economy and capitalise on its renewable energy potential.
The green hydrogen-based industrial facilities will be built in Morocco's desert regions, which provide optimal conditions for generating solar and wind energy to power the electrolysis process producing green hydrogen, which is then converted into derivative fuels or used for steel production and other heavy industries.
It will be the third green hydrogen project for Acwa Power in the Middle East and North Africa region, following the under-construction $8.4bn Neom green hydrogen project in Saudi Arabia and another potential multibillion-dollar project planned in Tunisia.
Before this announcement, there were estimated to be seven large-scale green hydrogen projects in the North African state.
These include CWP Global's Amun project; another project planned by China Energy International Construction Group, Saudi Arabia's Ajlan & Brothers Company and the local firm Gaia Energy Company; and the Hevo Ammonia Morocco project planned by Fusion Fuel, Greece-based Consolidated Contractors Company and Vitol.
Moroccan phosphate specialist OCP is in the advanced stages of studying a project to produce 1 million tonnes of green ammonia annually by 2027.
Other planned projects are Verde Hydrogen; White Dunes Dakhla, initiated by France-based HDF Energy and Falcon Capital Dakhla; and the Chibika green hydrogen and ammonia scheme, planned by TotalEnergies H2, a joint venture of France's Total Energies and Eren, Copenhagen Infrastructure Partners through its energy transition fund, and AP Moller Capital.
READ THE MARCH MEED BUSINESS REVIEW – clck here to view PDF
Chinese contractors win record market share; Cairo grapples with political and fiscal challenges; Stronger upstream project spending beckons in 2025
Distributed to senior decision-makers in the region and around the world, the March 2025 edition of MEED Business Review includes:
|
> AGENDA 1: Chinese firms dominate region’s projects market
> AGENDA 2: China construction at pivotal juncture
> UPSTREAM 1: Offshore oil and gas sees steady capex
> UPSTREAM 2: Saudi Arabia to retain upstream dominance
> DIRIYAH: Diriyah CEO sets the record straight
> SAUDI POWER: Saudi power projects hit record high
> AUTOMOTIVE: Saudi Arabia gears up to lead Gulf’s automotive sector
> EGYPT: Egypt battles structural issues
> GULF PROJECTS INDEX: Gulf hits six-month growth streak
> CONTRACT AWARDS: High-value deals signed in power and industrial sectors
> ECONOMIC DATA: Data drives regional projects
|
Exclusive from Meed
-
UAE GDP projection corrects on conflict24 April 2026
-
April 2026: Data drives regional projects24 April 2026
-
Boutique Group tenders Tuwaiq Palace hotel in Riyadh24 April 2026
-
Firms announce 129MW Dubai data centre24 April 2026
-
Iraq signs upstream oil contract24 April 2026
All of this is only 1% of what MEED.com has to offer
Subscribe now and unlock all the 153,671 articles on MEED.com
- All the latest news, data, and market intelligence across MENA at your fingerprints
- First-hand updates and inside information on projects, clients and competitors that matter to you
- 20 years' archive of information, data, and news for you to access at your convenience
- Strategize to succeed and minimise risks with timely analysis of current and future market trends
Related Articles
-
UAE GDP projection corrects on conflict24 April 2026

MEED’s May 2026 report on the UAE includes:
> COMMENT: Conflict tests UAE diversification
> GVT &: ECONOMY: UAE economy absorbs multi-sector shock
> BANKING: UAE banks ready to weather the storm
> ATTACKS: UAE counts energy infrastructure costs
> UPSTREAM: Adnoc builds long-term oil and gas production potential
> DOWNSTREAM: Adnoc Gas to rally UAE downstream project spending
> POWER: Large-scale IPPs drive UAE power market
> WATER: UAE water investment broadens beyond desalination
> CONSTRUCTION: War casts shadow over UAE construction boom
> TRANSPORT: UAE rail momentum grows as trade routes face strainTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16554417/main.gif -
April 2026: Data drives regional projects24 April 2026
Click here to download the PDF
Includes: Commodity tracker | Top 10 global contractors | Brent spot price | Construction output
MEED’s May 2026 report on the UAE includes:
> COMMENT: Conflict tests UAE diversification
> GVT &: ECONOMY: UAE economy absorbs multi-sector shock
> BANKING: UAE banks ready to weather the storm
> ATTACKS: UAE counts energy infrastructure costs
> UPSTREAM: Adnoc builds long-term oil and gas production potential
> DOWNSTREAM: Adnoc Gas to rally UAE downstream project spending
> POWER: Large-scale IPPs drive UAE power market
> WATER: UAE water investment broadens beyond desalination
> CONSTRUCTION: War casts shadow over UAE construction boom
> TRANSPORT: UAE rail momentum grows as trade routes face strainTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16553627/main.gif -
Boutique Group tenders Tuwaiq Palace hotel in Riyadh24 April 2026

Saudi Arabia’s Boutique Group, backed by the sovereign wealth vehicle Public Investment Fund (PIF), has retendered a contract to convert Tuwaiq Palace in Riyadh into a hotel.
Contractors have been given a deadline of 31 May to submit proposals.
The scheme comprises 40 hotel rooms and suites and 56 one- and two-bedroom villas.
According to regional projects tracker MEED Projects, the contract was first tendered in 2022.
In January of that year, Crown Prince Mohammed Bin Salman launched Boutique Group to manage and convert historic and cultural Saudi palaces into ultra-luxury hotels.
Boutique Group’s first phase covers three palaces, two of which are under construction. Al-Hamra Palace in Jeddah is being converted to include 33 suites and 44 villas. In July 2023, MEED reported that Jeddah-based Al-Redwan Contracting was appointed the main contractor for the Al-Hamra Palace conversion.
The other project is the Red Palace in Riyadh, which will feature 46 suites and 25 guest rooms. In 2023, local contractor Mobco won the contract to undertake the project.
In 1957, the Red Palace became the headquarters of the Council of Ministers for 30 years, and later served as the main office for the Board of Grievances until 2002.
Jordan-headquartered Dar Al-Omran is acting as supervision consultant on all three projects.
Photo credits: Omrania
MEED’s April 2026 report on Saudi Arabia includes:
> COMMENT: Risk accelerates Saudi spending shift
> GVT &: ECONOMY: Riyadh navigates a changed landscape
> BANKING: Testing times for Saudi banks
> UPSTREAM: Offshore oil and gas projects to dominate Aramco capex in 2026
> DOWNSTREAM: Saudi downstream projects market enters lean period
> POWER: Wind power gathers pace in Saudi Arabia
> WATER: Sharakat plan signals next phase of Saudi water expansion
> CONSTRUCTION: Saudi construction enters a period of strategic readjustment
> TRANSPORT: Rail expansion powers Saudi Arabia’s infrastructure pushTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16549695/main.jpg -
Firms announce 129MW Dubai data centre24 April 2026
Dubai’s Integrated Economic Zones Authority (DIEZ) has signed a joint-venture agreement with Netherlands-headquartered data centre developer Volt to build a new artificial intelligence (AI)-ready data centre in the emirate.
Planned for Dubai Silicon Oasis, the development will take the form of a campus covering up to 60,000 square metres.
The project will be delivered in two phases, starting with 29MW of immediately available capacity, followed by a second phase adding a further 100MW of committed power.
Under the arrangement, DIEZ will supply the land and essential infrastructure, while Volt will finance and develop the project, lead construction, and manage the design, leasing, implementation and day-to-day operations.
French firm Schneider Electric, which has its regional headquarters in Dubai Silicon Oasis, will support the development by supplying advanced electrical systems, power distribution capabilities and smart data centre infrastructure.
The GCC currently has more than 174 active data centre projects, representing over $93bn in investment, led by international players such as AWS, Google and Huawei, alongside regional developers including Khazna and Moro, supported by government-led localisation strategies.
More than a dozen large-scale facilities valued at over $100m each are currently under tender, with further packages expected to reach the market over the next six to 12 months.
The UAE is one of the leading data centre markets, with hyperscale campuses, sovereign cloud initiatives and edge data centre deployments underway.
Data centre development is closely aligned with the UAE’s digital economy and AI roadmap, as well as the wider smart city programme.
Priorities include hyperscale and colocation facilities to support cloud service providers; edge data centres to reduce latency and enable 5G and IoT use cases; energy-efficient designs using advanced cooling, modular construction and renewables; and strategic partnerships between global hyperscalers, local developers and utilities.
https://image.digitalinsightresearch.in/uploads/NewsArticle/16548972/main.JPG -
Iraq signs upstream oil contract24 April 2026
State-owned Iraqi Drilling Company (IDC) has signed a contract with China’s EBS Petroleum for a project to drill 17 horizontal wells in the southeastern portion of the East Baghdad field.
Mohamed Hantoush, the general manager of IDC, said the contract signing came after a “series of successful achievements” by the company at the field.
The achievements included the completion of a project to drill 27 horizontal wells and another project to drill 18 horizontal wells, according to a statement released by Iraq’s Ministry of Oil.
In January, Iraq’s Midland Oil Company (MOC), in collaboration with EBS Petroleum, completed the country’s longest horizontal oil well in the southern part of the East Baghdad field.
The well, which was called EBMK-8-1H, reached a total depth of 6,320 metres, and had a 3,535-metre horizontal section, making it the country’s largest horizontal well ever drilled.
Senior officials from the Iraqi Oil Ministry and representatives of EBS Petroleum attended the well’s completion ceremony.
EBS Petroleum is a subsidiary of China’s ZhenHua Oil, which is focused on Iraq.
ZhenHua Oil is the operator of the field and is working with Iraqi partners to oversee the field’s development.
https://image.digitalinsightresearch.in/uploads/NewsArticle/16543675/main4942.jpg
