Chinese firm Envision Energy has been picked to supply wind turbines totalling 1.67GW for the giant NEOM Green Hydrogen Project in Saudi Arabia.
The facility's developers Air Products, ACWA Power and NEOM reached financial close on the $8.4bn development last month. The project's 171 wind turbines are due to be fully operational by 2026.
The World Bank has predicted that conflict in the Middle East could lead to a dramatic spike in oil prices, which is linked to increases in food prices - however it's argued that the forecasts do not take into account the ability of energy storage to meet demand
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