ACWA Power, a Saudi Arabia-based company, has taken a significant step in the development of green hydrogen and renewable energy export initiatives to Europe. Through collaborations with global partners, including European entities like Edison, TotalEnergies Renewables, and EnBW, ACWA Power aims to assess market demand for large-scale renewable energy projects and export electricity to Europe. The company also signed MoUs with technology providers to establish advanced energy transmission corridors for improved energy supply reliability and infrastructure efficiency. Additionally, ACWA Power entered a joint development agreement with EnBW for the Yanbu green hydrogen hub, which will commence commercial operations by 2030. This hub will be an integrated facility generating electricity from renewable sources, supporting hydrogen electrolysis and ammonia conversion processes, and featuring desalination plants and an export terminal. These endeavors are in line with Saudi Vision 2030 objectives, emphasizing global energy security, sustainable energy transitions, and the development of 15GW of new solar and wind power projects. The initiatives signify a positive step towards promoting green hydrogen and renewable energy exports while advancing sustainable energy practices and global economic connectivity.