KEY ASKS FROM THE BOARD
Energy




NEOM will be the world’s most advanced renewable energy hub,
and the first at-scale fully renewable energy system
What will NEOM Energy strategy deliver by 2030




  • The world’s first large-scale 100% renewable energy system providing abundant, low-cost energy to residents and industries
  • World leader in Green Hydrogen, the next frontier of clean energy after solar and wind
  • NEOM to become the world’s number 1 hub for clean energy, including technology, research and innovation
Subject to subsequent approval of detailed financials
Moonshot Project 1:

The world’s first large-scale 100% renewable energy system

Capex
(till 2025)
SAR Bn		% of capex to
be contributed
by NEOM		Indicative
IRR
(2030)		Endorsed
 
 		Not endorsed
 
 
Generation assets creating electrical energy supply
tendered through PPAs
Transmission assets supporting the electrical consumption
including priority lines from Tabuk to Duba, upgrade of existing
380kV backbone, and interconnection with the SEC grid,
invested in phases to achieve rightsizing and optimal timing
Distribution assets / microgrids for Phase 1 locations
Research and innovation
Total
Moonshot Project 1:

The world’s first large-scale 100% renewable energy system

Subject to subsequent approval of detailed financials
Moonshot Project 2:

World leader in Green Hydrogen

Capex
(till 2025)
SAR Bn		% of capex to
be contributed
by NEOM		Indicative
IRR
(2030)		Endorsed
 
 		Not endorsed
 
 
Green hydrogen innovation & development center
with pilot scale energy production capacity
Hydrogen Electrolyzer manufacturing plant with Phase 1
energy production capacity
Green hydrogen production large-scale plant
for Project Helios
Total
Moonshot Project 2:

World leader in Green Hydrogen