Saudi Arabia's ACWA Power has signed agreements and MoUs with international partners to establish a green hydrogen and renewable energy export value chain with Europe. These collaborations are part of Saudi Arabia's commitment to enhancing global logistics connectivity through the India-Middle East-Europe economic corridor initiative. The partnerships aim to assess market demand for large-scale renewable energy projects to export electricity to Europe. ACWA Power also formalized agreements to develop advanced energy transmission corridors to improve supply reliability and energy infrastructure efficiency. The company signed a joint development agreement with EnBW for phase one of the Yanbu green hydrogen hub, set to be operational by 2030, producing electricity from renewable sources and supporting sustainable energy transitions. Additionally, Saudi Arabia's Principal Buyer signed agreements with ACWA Power for developing new solar and wind power projects totaling 15GW capacity. These initiatives align with Saudi Vision 2030 goals of promoting global energy security and supporting sustainable energy transitions.