Saudi Arabia and Germany agree on green hydrogen export to Europe

2025-02-05 06:43:14

(MENAFN) As part of a memorandum of understanding signed with Germany, Saudi Arabia is set to export 200,000 tons of green hydrogen to Europe yearly by 2030.

Frank-Walter Steinmeier, the German President, is presently in Saudi Arabia on a regional tour, which also involves visits to Jordan and Turkey.

The Saudi Energy Ministry released a statement confirming that the deal was inked on Monday evening between Saudi ACWA Power and Germany’s SEFE Energy Company.
According to the MoU, the two parties will create a hydrogen bridge between Saudi Arabia and Germany, aiming to supply 200,000 tons of green hydrogen annually by 2030 as a starting point.

ACWA Power’s CEO Marco Arcelli stated, “this MoU with SEFE marks a significant milestone in accelerating the green hydrogen economy in Europe.”

“By combining ACWA Power’s proven expertise in green hydrogen production with SEFE’s extensive market knowledge, we are forming a strong partnership to deliver substantial quantities of green hydrogen to Germany and beyond, making a meaningful contribution to global decarbonisation efforts.”

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