Another green hydrogen project for Acwa: Saudi’s Acwa Power has inked an MoU with the German firm Securing Energy for Europe (SEFE) to establish a Saudi-Germany green hydrogen corridor to export an initial 200k tons of green hydrogen annually to Europe by 2030, according to a statement released on Sunday. No financial details were disclosed for the project.

What we know: Acwa will act as the developer, investor, and lead operator of hydrogen and ammonia production assets, while SEFE — a major European energy trading player — will co-invest and market the hydrogen in Germany and across Europe.

Acwa is eying Europe’s green hydrogen market: Acwa inked an MoU with Italy’s Snam to facilitate the transport of green hydrogen from Saudi to Europe via the SoutH2 Corridor last month. The company is also exploring a USD 6.2 bn renewables-powered hydrogen project in Tunisia, with a planned capacity of 200k tons, which would also be exported to Europe via SoutH2. Saudi and Greece will also conduct a feasibility study to explore a potential hydrogen corridor connecting Saudi production to European Markets via Greece.

In line with Acwa’s long-term game: Acwa is targeting a USD 250 bn investment portfolio by 2030 in renewable energy, green hydrogen, and water desalination, Acwa Power’s Saudi Arabia CEO Hesham Tashkandi told Aleqtisadiah on Tuesday. The renewables giant is currently implementing investments worth USD 97 bn, 60% of which are Saudi-based, Tashkandi said.

IN OTHER GREEN HYDROGEN NEWS-

#1- H2 Global Energy advances its Morocco green hydrogen project: Dubai-based H2Global Energy has completed initial studies for a planned green hydrogen and ammonia plant in southern Morocco, with an expected annual production capacity of 1 mn metric tons of green ammonia, according to a statement released on Monday.

What’s next? The company is also currently in discussion with Moroccan officials to explore regulatory requirements, investment opportunities, and possible collaborations. The company is also expected to make moves on the next steps, including financing and finalizing the engineering design.

How would the facility work? The facility will use renewables to produce green hydrogen, which will then be converted into ammonia for use in agriculture, transport, and energy storage.

H2 Global Energy has eyes on Tunisia too: H2 Global Energy and Irish Aramenco’s consortium plan to set up a USD 6 bn green hydrogen project in Tunisia slated for operation in 2031, with an annual production of 180k tons.

#2- Germany is exploring Morocco’s Power-to-X potential: The German Agency for International Cooperation (GIZ) is launching a study to assess Morocco’s potential in green hydrogen and its derivatives in partnership with German chemical engineering institute Dechema and a local partner, Hespress reported on Sunday.

About the study: The study — under GIZ’s Power to X program — will analyze the entire hydrogen value chain in Morocco, from seawater desalination and electrolysis to hydrogen storage, transport, and export. It will also assess Morocco’s ability to produce key PtX equipment and explore industrial integration strategies aligned with global demand.

Who’s doing what? Dechema will contribute its technical expertise in analyzing value chains and needed technology for production, while a Moroccan partner — selected via a tender — will provide local industry insight.

REMEMBER- Morocco is heavy on green hydrogen R&D: Morocco’s Institute for Research in Solar Energy and New Energies (IRESEN) inked EUR 13.5 mn financing agreement with the German Development Bank (KfW) to advance its green hydrogen research platform Green H2A in December. The North African country also inked four agreements to advance domestic and international collaboration in green hydrogen research and tech development at the World Power-to-X Summit in Marrakech last October.

Tags: