Saudi Arabia and Germany have signed a memorandum of understanding to collaborate on the Saudi-German Green Hydrogen Bridge project. ACWA Power and SEFE are set to work together to export 200,000 tons of green hydrogen annually by 2030 from Saudi Arabia to Europe. ACWA Power will handle the production assets, with SEFE as a major buyer and marketing partner in Germany and Europe. This partnership solidifies Saudi Arabia's global presence in green hydrogen production and aligns with the Saudi-German Energy Dialogue's goals of fostering cooperation in renewable energy and clean hydrogen. SEFE, a German state-owned energy company, will take a lead role in driving decarbonisation efforts through the marketing and distribution of green hydrogen in the region. The MoU signing was attended by energy ministers from both countries, highlighting the importance of this collaboration for both nations' energy strategies.