Acwa Power and Germany’s SEFE signed an MoU to establish the Saudi-German Green Hydrogen Bridge, aiming to export 200k tons of Saudi-made green hydrogen annually to Europe by 2030, SPA reports. Acwa Power will develop and operate hydrogen and ammonia production, while SEFE will co-invest and lead offtake for European markets.

The agreement was signed during a Saudi-German roundtable, which explored economic and private sector collaboration across renewable energy, petrochemicals, mining, healthcare, AI, infrastructure, and tourism, SPA reported.

Going long on green hydrogen: Acwa Power signed a similar MoU with Italy’s Snam to explore a green hydrogen supply chain from Saudi Arabia to Europe last month. The two sides are evaluating the development of an ammonia import terminal in Italy, supporting deliveries via the SoutH2 Corridor. Another five-year Saudi-Italy energy cooperation MoU was signed last month to mull the potential supply of Saudi-made hydrogen to Europe via Italy.

ALSO FROM ACWA POWER- Progress made on Acwa Power’s Neom green hydrogen project is now at 50%, with production expected to kick off by late 2026, Acwa’s CEO March Arcelli told Al Arabiya. Arcelli also revealed that production at a smaller Uzbekistan project will start sometime this year.

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