ACWA Power, a leading Saudi energy company, has signed agreements with international partners to establish a green hydrogen and renewable energy export value chain between Saudi Arabia and Europe. The agreements, part of the India-Middle East-Europe Economic Corridor project, involve firms like Edison SpA, TotalEnergies Renewables SAS, Zhero Europe BV, and EnBW. They aim to assess market demand and feasibility for large-scale renewable energy projects in Saudi Arabia dedicated to export, and plan advanced energy transmission routes to Europe. Additionally, a joint development agreement with EnBW will lead to the creation of the Yanbu Green Hydrogen Center, operational by 2030, showcasing Saudi Arabia's competitive renewable energy rates. ACWA Power's initiatives align with Saudi Arabia's efforts to bolster its green energy capacity, with recent agreements for various renewable energy projects and green hydrogen supply to Europe with a goal of 200,000 tonnes annually by 2030.