Dentons is proud to have advised the consortium comprising Fortescue and Actis on their successful bid to acquire land to develop a world-scale green ammonia project in the Sultanate of Oman, marking a significant step forward in the Sultanate’s renewable energy ambitions. The consortium signed long-term Project Development Agreement and Sub-Usufruct Agreement with HYDROM for Block 6 in the Southern region of Dhofar, following HYDROM’s second round of green hydrogen auctions.
The project, which is still in its feasibility phase, could be located in the Dhofar region, is one of two blocks awarded under this round and will comprise up to 4.5GW of solar PV and wind generation, hydrogen electrolysis and ammonia conversion technologies and an expected production capacity to of 200,000 tons of green hydrogen per annum.
The Dhofar block, known for its potential in renewable resources, is set to become a cornerstone in the production of green ammonia, contributing to Oman’s position as a leader in the global energy transition with its abundant natural resources and strategic location.
The multi-jurisdictional Dentons team advising Fortescue and Actis was led by partners Yasser Taqi and Colm O hUiginn, with support from associates Claire Hunter, Warda Tahir, Angela Cheng and Nisha Gupta. The team advised on all aspects of the bid and negotiation of the project agreements with HYDROM.
Dentons’ involvement in this project underscores the firm’s leading position in the nascent green hydrogen sector, as well as the strength of its international teams’ major project development practice.
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