Saudi Arabia has signed a memorandum of understanding with Germany to export 200,000 tons of green hydrogen annually to Europe by 2030. The agreement, signed between Saudi ACWA Power and Germany’s SEFE Energy Company, aims to establish a hydrogen bridge between the two countries. This collaboration is a significant milestone in accelerating the green hydrogen economy in Europe. The partnership combines ACWA Power’s expertise in green hydrogen production with SEFE’s market knowledge to deliver substantial quantities of green hydrogen to Germany and beyond, contributing to global decarbonisation efforts. Germany's recent hydrogen import agreements with Brazil and Norway align with its search for new energy sources post the Russia-Ukraine War, recognizing hydrogen's potential to reduce carbon and greenhouse gas emissions in various sectors.