Indian developer Acme Solar Holdings Ltd has signed a memorandum of understanding (MoU) with the Client to set up the facility. ACME has opted for Oman for its first large-scale green ammonia commercial project, considering the strategic location of Oman, the support received from the government bodies, and high solar irradiation in the country. As per the MoU signed the project will produce hydrogen and ammonia from renewable energy.
Acme Solar Holdings has appointed Synergy Consulting as the financial and transaction adviser for the planned project and the client is currently in the process of hiring law firms to push the development process forward.
Project is currently under planning stage.
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