Saudi utility major Acwa Power has announced the signing of MoUs with its key international partners, in a move aimed at creating a green hydrogen and renewable energy export value chain between the Kingdom of Saudi Arabia and Europe.

 

These agreements come as part of the kingdom’s pioneering role in enhancing global logistics connectivity and its leadership in the India-Middle East-Europe Economic Corridor (IMEC) project, driven by its strategic geographical location that connects East and West.

 

The deals were signed during the Renewable Energy and Green Hydrogen Export Workshop, led by Acwa Power under the supervision of the Ministry of Energy. 

 

The event brought together high-level government representatives from Saudi Arabia, Greece, France, and Germany, alongside executives from global specialised companies and leading national institutions.

 

The workshop showcased the Kingdom’s progress in diversifying its energy mix and promoting regional and international integration in clean energy—reinforcing its position as a reliable global supplier of energy and a key leader in the economic corridor connecting East and West.

 

Also at the event, a joint development agreement was sealed for collaboration on the first phase of the Yanbu Green Hydrogen Hub, which is planned to be ready for commercial operations by 2030.-TradeArabia News Service