This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress-Rabat
Saudi Arabia and Germany have agreed to work together on the very requested subject on energy, in particular efforts related to clean hydrogen, an area very coveted by the RFA which treats it seriously with different countries of which , this time, Saudi Arabia
In this context, therefore, the Minister of Energy, Prince Abdulaziz Bin Salman Bin Abdulaziz, met, in Riyadh, the German finance minister Jörg Kukies.
The meeting focused above all on key subjects of mutual interest in the energy sector, in particular efforts related to clean hydrogen, based on the memorandum of understanding (MOU) signed by the two parts in 2021.
After the meeting, the two ministers attended the signing of the “Saoudo-German bridge memorwork on green hydrogen” between Acwa Power and Sefe, aimed at producing and exporting green hydrogen and ammoniac from Saudi Arabia to Europe.
Under the memorandum of understanding, Acwa Power and Sefe will jointly develop projects with the initial objective of exporting 200,000 tonnes of green hydrogen per year from Saudi Arabia to Europe by 2030. Acwa Power will serve as Developer, investor and main operator of production assets, while SEFE, a large European energy company, will act as a co-investor and principal buyer, responsible for marketing hydrogen in Germany and Europe.
This step supports the efforts of Saudi Arabia to consolidate its position as a leader and exporter leader of green hydrogen and aligns with the objectives of the memorandum of understanding signed within the framework of the German-Saudi energy dialogue to strengthen the Cooperation in renewable energies and clean hydrogen technologies.
