ACWA Power has signed agreements and memoranda of understanding (MoUs) with various international partners to establish a green hydrogen and renewable energy export value chain between Saudi Arabia and Europe. The signing of these agreements took place during the Renewable Energy and Green Hydrogen Export Workshop, with the presence of Saudi Arabia's Minister of Energy. The agreements aim to assess market demand and feasibility for large-scale renewable energy projects dedicated for export from Saudi Arabia to Europe. ACWA Power also signed individual MoUs with key players to strengthen relationships and develop advanced energy transmission corridors for enhanced supply reliability. Additionally, a Joint Development Agreement was reached with German partner EnBW for the Yanbu Green Hydrogen Hub, a facility planned to be operational by 2030. This project will have its own electricity generation from renewable sources, desalination plants, hydrogen electrolysis, and ammonia conversion facilities, with a dedicated export terminal. The initiative leverages Saudi Arabia's competitive rates for renewable energy to meet global industrial demand with clean energy solutions.