Hydrogen Oman (Hydrom) has announced that a consortium comprising Actis, a leading investor in sustainable infrastructure, and Fortescue, an integrated green energy company, has emerged as the winning bidder in the second round of a green hydrogen tender process.

An independent entity founded by the Omani government to orchestrate and deliver the nation’s green hydrogen strategy, Hydrom said as per the deal, the consortium will develop, build, own and operate a large green hydrogen project in Oman.

The mega green hydrogen project has the potential to produce up to 200,000 tonnes of green hydrogen per year.

The project, which is currently in feasibility stage, is expected to involve construction of up to 4.5GW of wind and solar renewable energy resources that will power electrolysers.