ACWA Inks Series of Agreements for Green Hydrogen
Source：solarquarter
Representational image. Credit: Canva
Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, ACWA Power has signed agreements and memoranda of understanding (MoUs) with several international partners, including Edison S.p.A. (Italy), TotalEnergies Renewables SAS (France), Zhero Europe B.V. (Italy), and EnBW (Germany). These are for creating a Green Hydrogen and Renewable Energy Export value chain between Saudi Arabia and Europe. The signing shows the Kingdom’s pioneering role in improving global logistics connectivity and its leadership in the India-Middle East-Europe Economic Corridor (IMEC) project.
Separately, ACWA Power also executed a Joint Development Agreement with EnBW (Energie Baden-Württemberg AG) for the first phase of the Yanbu Green Hydrogen Hub, expected to begin commercial operations by 2030.
The agreements were signed during the Renewable Energy and Green Hydrogen Export Workshop, led by ACWA Power.