Cost soars by $3.5bn at Saudi Arabia's Neom green hydrogen mega-project as inflation bites Budget increased to $8.5bn at flagship desert project to be powered by 4GW of wind, solar and batteries, update from partner reveals.Source: https://www.rechargenews.com/energy-transition/cost-soars-by-3-5bn-at-saudi-arabias-neom-green-hydrogen-mega-project-as-inflation-bites/2-1-1399754Inflation, spare parts, upfront fees for land and $1bn of interest on loans have all contributed to the $3.5bn budget increase, said the US industrial gases company, which is developing the project in the desert of northwest Saudi Arabia with partners ACWA Power, the Saudi renewables developer, and Neom.