Saudi-based ACWA Power has signed a Memorandum of Understanding with Germany's SEFE Securing Energy for Europe to collaborate on producing and supplying green hydrogen to Europe. The partnership aims to establish a hydrogen bridge between Saudi Arabia and Germany with the initial goal of supplying 200,000 tonnes of green hydrogen annually by 2030. ACWA Power will take the lead in developing, investing, and operating green hydrogen and green ammonia production assets, while SEFE will co-invest and serve as the primary off-taker, utilizing its market position to distribute green hydrogen in Europe. This collaboration reflects Germany's increasing demand for green hydrogen as a sustainable solution for decarbonization and meeting climate objectives. The CEOs of both companies express enthusiasm for the partnership, highlighting the potential to accelerate the green hydrogen economy in Europe and contribute to energy cooperation between the two nations.