S'abonner
PROFILE

Saudi Arabia signs agreements to export green hydrogen and electricity to Europe

ACWA Power has signed several agreements with European partners to develop a green energy export chain between Saudi Arabia and Europe, as part of the India-Middle East-Europe Economic Corridor project.

Share:

Saudi company ACWA Power has signed a series of agreements and memoranda of understanding with several European companies to establish a green hydrogen and renewable electricity export chain to Europe. These commitments were formalised in the presence of the Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, during a workshop on renewable energy exports held in Riyadh.

Structuring partnerships for an energy corridor

Signatories include Edison S.p.A (Italy), TotalEnergies Renewables SAS (France), Zhero Europe B.V. (Italy) and Energie Baden-Württemberg AG (Germany), which signed a multi-party memorandum of understanding with ACWA Power. The agreement provides for a joint feasibility study on large-scale renewable energy projects in Saudi Arabia dedicated to export, as well as the establishment of an electricity transmission corridor to Europe.

In parallel, bilateral agreements were concluded with several European technology suppliers. These partnerships include CESI (Italy), specialised in energy engineering, Prysmian (Italy), GE Vernova, Siemens Energy (Germany), and Hitachi (France), all involved in high-voltage direct current (HVDC) transmission solutions. These collaborations aim to design more efficient cross-border energy infrastructures.

A production hub in Yanbu by 2030

ACWA Power and EnBW signed a joint development agreement to launch the first phase of the Yanbu Green Hydrogen Hub project. This energy complex, expected to enter into commercial operation by 2030, will integrate its own renewable electricity generation, a desalination unit to supply electrolysers, and facilities to convert hydrogen into ammonia for export.

All these agreements fall within the framework of the India-Middle East-Europe Economic Corridor (IMEC) project, which aims to strengthen regional integration and logistical connectivity. According to the partners, Saudi Arabia’s strategic location is a key advantage in becoming a major player in energy security and intercontinental electricity transit.

The Saudi Ministry of Energy stated that these commitments reflect the Kingdom’s ambition to fully leverage its low-cost renewable production potential to meet global industrial demand.

  • Popular on energynews.pro
Adapture Renewables launches its first storage projects with 74 MWh in Texas
RWE secures four maintenance vessels to support its offshore wind fleet in Europe
Rubellite Energy Corp. records an 81% increase in cash flow in Q2 2025
Suncor Energy posts net profit of $1.13 bn in the second quarter of 2025
Enel posts 11% drop in half-year profit despite rising revenue
United States: HydrogenXT secures $900mn financing to launch ten hydrogen sites
HydrogenXT secures a $900mn agreement with Kell Kapital Partners Limited to develop the first ten local zero-carbon blue hydrogen plants along key logistics corridors in the United States.
Core Natural Resources reports USD220.2mn in cash flow and adjusts its financial policy
Core Natural Resources announces USD220.2mn in operating cash flow for the second quarter of 2025, while revising its capital return strategy and increasing post-merger synergies.
Elogen delivers 2.5 MW electrolyser for CrossWind energy hub
Elogen completes delivery of a 2.5 MW proton exchange membrane electrolyser for the Baseload Power Hub, linked to the Hollandse Kust Noord offshore wind farm and operated by CrossWind joint venture.
FRV partners with Envision for a 500MW green ammonia project in Brazil
Fotowatio Renewable Ventures joins forces with Envision Energy for the H2 Cumbuco project, aiming for a 500MW green ammonia plant targeting Brazilian, European, and Asian markets.
Element 2 entrusts HRS with a new mobile hydrogen station for the Glasgow region
Element 2 strengthens its partnership with HRS to install a mobile hydrogen station in Glasgow, as part of its expansion strategy for its refuelling network in the United Kingdom and Ireland.
Allianz anticipates a hydrogen insurance market exceeding USD3bn by 2030
Global hydrogen development, supported by more than 1,500 ongoing projects and significant investments, is driving strong demand for insurance coverage, with potential estimated at over USD3bn in annual premiums by 2030.
ArcelorMittal Brazil launches innovative hydrogen project with Utility Global in Juiz de Fora
ArcelorMittal Brazil begins a collaboration with Utility Global to develop a clean hydrogen project using the patented H2Gen system, aimed at producing up to 3 tons per day at the Juiz de Fora plant.
ENERTRAG invests €300 mn in 130 MW green hydrogen site in Prenzlau
ENERTRAG announces the acquisition of a plot in Prenzlau to install a 130 megawatt green hydrogen production unit, with a planned investment of €300 mn, thereby supporting the regional economy and local industrial sector.
H2APEX raises EUR30mn to boost Lubmin hydrogen project and acquire HH2E Werk
H2APEX Group SCA has completed a EUR30mn ($32.5mn) capital increase to finance the acquisition of HH2E Werk Lubmin GmbH and support the development of its hydrogen project in Germany. —
Next Hydrogen launches Ontario’s largest onsite clean hydrogen refuelling station
Next Hydrogen launches the largest onsite clean hydrogen production and distribution station in Ontario, capable of supplying up to 650 kg per day for powering fuel cell forklifts.
Envision Energy launches the world’s first green ammonia marine bunkering in China
A 5,500-horsepower harbour vessel was bunkered with green ammonia at the Dalian terminal, marking the creation of a full value chain for this fuel and a technical milestone for the maritime sector.
Air Liquide invests over €500 mn in giant electrolyser in the Netherlands
Air Liquide begins construction of the ELYgator electrolyser in Rotterdam, a 200 MW project, supported by the Dutch government and an investment exceeding €500 mn.
German researchers test offshore green hydrogen production using raw seawater
A pilot project in Germany aims to produce green hydrogen at sea directly from untreated seawater on offshore wind farms, using marine bacteria and robust materials.
BP ends its involvement in the 26 GW AREH hydrogen project in Western Australia
BP withdraws from the Australian Renewable Energy Hub, a major renewable hydrogen and ammonia project in the Pilbara region, marking a new stage for energy investments in Australia.
Next Hydrogen secures CAD1.5mn financing to support its operations
Next Hydrogen raises CAD1.5mn from its management and a commercial lender to strengthen its cash flow and retain teams, while maintaining its review of financial and strategic solutions.
Lhyfe raises €2.5mn from citizens to support green hydrogen in Europe
The first European citizen funding campaign dedicated to green hydrogen enabled Lhyfe to collect €2.5mn from nearly 1,200 investors, strengthening the development of new sites in France and Germany.
The Future of Energy Flexibility: The Growing Role of Power-to-Hydrogen-to-Power (PtP) Technology
In the face of renewable energy intermittency, Power-to-Hydrogen-to-Power (PtP) technology could revolutionize energy storage. However, its adoption still depends on cost reduction and efficiency improvements.
South Korea’s YPP to invest up to $3.1B in green hydrogen production in Kazakhstan
South Korean company YPP and Kazakh Invest have signed a framework agreement for the development of a green hydrogen production project in Kazakhstan, with investments potentially reaching $3.1 billion.
HyCC secures Dutch subsidy for its 90 MW H2eron hydrogen project
The Dutch government has granted major funding to HyCC for its H2eron electrolysis project, aimed at producing renewable hydrogen in the Delfzijl industrial zone.
Global demand could extend coal’s role beyond 2030
A report by Wood Mackenzie reveals that geopolitical pressures and rising global electricity demand could keep coal-fired generation elevated well beyond current forecasts.