Cross-border green energy in focus: Acwa Power inked multiple agreements and MoUs with European partners to lay the groundwork for a green hydrogen and renewables export corridor between Saudi Arabia and Europe, according to a ministry statement from the Energy Ministry. The move comes as part of the Kingdom’s ambition to position itself as a logistics and energy hub under the India-Middle east-Europe Economic Corridor (IMEC).

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Setting the ground-work: A multi-party MoU was signed with Italy’s Edison, TotalEnergies Renewables, the Netherland’s Zhero Europe, and Germany’s EnBW to assess market demand and the feasibility of large-scale renewables production in Saudi dedicated to export. The framework will also explore the technical viability of delivering electricity via long-distance corridors.

On the infrastructure front: Acwa also inked bilateral MoUs with infrastructure players including Italy’s CESI, Prysmian, GE Vernova, Siemens Energy, and France’s Hitachi to support the development of high-voltage direct current corridors and transmission infrastructure to enhance cross-border supply reliability and accelerate technical readiness for power export.

ALSO- A joint development agreement was inked with EnBW for phase one of the Yanbu Green Hydrogen Hub, which is expected to come online by 2030. The project will include captive renewable generation, desalination facilities, hydrogen electrolysis, ammonia conversion, and a dedicated export terminal.

ICYMI- Acwa Power and Germany’s SEFE signed an MoU earlier this year to establish the Saudi-German Green Hydrogen Bridge, aiming to export 200k tons of Saudi-made green hydrogen annually to Europe by 2030 earlier this year. Acwa Power signed a similar MoU with Italy’s Snam the month before to explore a green hydrogen supply chain from Saudi Arabia to Europe.

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