ACWA Power has signed a Memorandum of Understanding (MOU) with SEFE Securing Energy for Europe to produce and supply green hydrogen to Europe, enhancing energy cooperation between Saudi Arabia and Germany. The agreement will see ACWA Power leading the development, investment, and operation of green hydrogen and ammonia production facilities, with SEFE as a co-investor and primary off-taker for the European market. This initiative aligns with Germany's efforts to decarbonize its economy and meet climate goals. The partnership aims to establish a hydrogen bridge between Saudi and Germany, with the goal of supplying 200,000 tonnes of green hydrogen annually by 2030. The collaboration supports Saudi Arabia's vision to become a key player in hydrogen production and export. The agreement also contributes to the Saudi-German energy dialogue, emphasizing economic development, job creation, and environmental sustainability. ACWA Power's growing green hydrogen portfolio, which includes projects like the NEOM Green Hydrogen Project, further strengthens its position in the sustainable energy sector.