ACWA Power, a leading Saudi energy company, has recently signed multiple agreements and memorandums of understanding (MoUs) with international partners to pave the way for a green hydrogen and renewable energy export value chain between Saudi Arabia and Europe. Among the partners involved in these agreements are Edison SpA, TotalEnergies Renewables SAS, Zhero Europe BV, and Germany's EnBW. The primary goal of these agreements is to create a framework for evaluating market demand and the feasibility of large-scale renewable energy projects in Saudi Arabia that are specifically targeted for export, along with strategizing a power transmission route to Europe. In addition to these partnerships, ACWA Power has also inked several MoUs to reinforce relationships with key stakeholders engaged in the development of the power transmission corridor. Furthermore, a joint development agreement has been established with Germany's EnBW to collaboratively work on the first phase of the Yanbu Green Hydrogen Center. This center is projected to be operational by 2030, showcasing ACWA Power's commitment to advancing green hydrogen initiatives and solidifying its position as a major player in the renewable energy sector.