Saudi Arabia-based ACWA Energy has signed agreements and memoranda of understanding (MoUs) with worldwide companions to develop a inexperienced hydrogen and renewable power export worth chain between Saudi Arabia and Europe.
These collaborations are a part of Saudi Arabia’s dedication to enhancing world logistics connectivity via its India-Center East-Europe financial hall (IMEC) initiative, attributable to its location connecting east and west.
ACWA Energy formalised partnerships through the Renewable Vitality and Inexperienced Hydrogen Export Workshop held in late July 2025 and supervised by Saudi Arabia’s Ministry of Vitality.
The corporate signed a multi-party MoU with European entities Edison, TotalEnergies Renewables, Zhero Europe and Energie Baden-Württemberg (EnBW).
The MoU focuses on assessing market demand for large-scale renewable power initiatives aimed toward exporting electrical energy to Europe.
The workshop additionally noticed particular person MoUs signed with Centro Elettrotecnico Sperimentale Italiano (CESI) and high-voltage direct present expertise and cable suppliers resembling Prysmian, GE Vernova, Siemens Vitality and Hitachi.
These agreements search to determine superior power transmission corridors to enhance provide reliability and optimise cross-border power infrastructure effectivity.
A joint growth settlement was signed with EnBW for section one of many Yanbu inexperienced hydrogen hub, which is about for industrial operations by 2030.
The hub is envisioned as an built-in facility producing its electrical energy from renewable sources. It would embody desalination crops to assist hydrogen electrolysis and ammonia conversion processes, together with a devoted export terminal.
These developments align with Saudi Imaginative and prescient 2030 targets by selling world power safety and supporting sustainable power transitions.
In mid-July 2025, Saudi Arabia’s state-owned energy procurement firm, Principal Purchaser, signed agreements totalling SR31bn ($8.3bn) with a consortium led by ACWA Energy.
These agreements are aimed toward creating seven new photo voltaic and wind energy initiatives with a mixed capability of 15GW.
“ACWA Energy agrees renewable power exports to Europe” was initially created and revealed by Energy Expertise, a GlobalData owned model.
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