ACWA Power Co. and the Tunisian Ministry of Industry, Mines and Energy have signed a memorandum of understanding (MoU) to explore a green hydrogen project aimed at producing nearly 600,000 tons of green hydrogen annually in Tunisia. The project will be executed in three phases and the green hydrogen will be exported to the European Union (EU). ACWA Power's responsibilities under the MoU include the construction, operation, and maintenance of power generation units with a capacity of up to 12 GW from renewable energy sources. This will also involve the installation of storage systems, transmission lines, a water desalination plant, electrolysis devices, and infrastructure to facilitate a direct connection to the main hydrogen pipeline. The first phase of the project will focus on setting up renewable energy units with a capacity of four GW, two GW of electrolysis capacity, and battery storage facilities to produce 200,000 tons of green hydrogen annually. The green hydrogen will be exported through the 'South 2' hydrogen pipeline, which is part of the European Network of Transmission System Operators for Electricity (ENTSO-E) and connects Tunisia with Italy, Austria, and Germany. This initiative aligns with Tunisia's national strategy for green hydrogen, which aims to export more than six million tons of green hydrogen to the EU by 2050.