ACWA Power, a leading Saudi company, and SEFE Securing Energy for Europe have partnered to establish a green hydrogen bridge between Saudi Arabia and Europe, starting with the supply of 200,000 tonnes of green hydrogen annually to Germany and beyond by 2030. The agreement, signed in Riyadh, aims to leverage ACWA Power's expertise in green hydrogen production and SEFE's market knowledge to contribute to global decarbonisation efforts and meet the increasing demand for green hydrogen in Europe. SEFE will play a key role as the main off-taker and marketer of the green hydrogen, aligning with Germany's goal of decarbonising its economy and achieving climate targets. The collaboration also aims to enhance energy cooperation between Saudi Arabia and Germany, supporting sustainable solutions and industrial demand preservation in Europe. Furthermore, ACWA Power is engaged in various other green hydrogen projects, such as the NEOM Green Hydrogen Project and initiatives in Uzbekistan, Tunisia, and Egypt. These projects signify the company's commitment to advancing the green hydrogen economy and promoting environmental sustainability on a global scale.