ACWA Power partners with European electricity supplier VERBUND for ambitious green hydrogen projects

ACWA Power partners with European electricity supplier VERBUND for ambitious green hydrogen projects

- Memorandum of Understanding signed during Abu Dhabi Sustainability Week 2023

Abu Dhabi, United Arab Emirates/ Riyadh, KSA – ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has finalised a partnership agreement with VERBUND, Austria’s leading electricity company, to jointly explore the potential development of green hydrogen projects in the Middle East region to produce hydrogen to be used by Verbund as a renewable energy source to Central Europe with a primary focus on Austria.

Given its positive environmental implications and capabilities to decarbonise entire industrial sectors, energy sector players around the globe are embarking on ambitious green hydrogen projects that will harness their full potential in the decades ahead. To firmly establish the co-operation between ACWA Power and VERBUND, both partners signed a Memorandum of Understanding (MoU) during the ongoing Abu Dhabi Sustainability Week (ADSW) 2023.

Mohammad Abunayyan, Chairman, ACWA Power, said: “Today’s announcement is another illustration of our enduring commitment to bring ingenuity and entrepreneurship together to ensure power is generated reliably, responsibly, and sustainably at the global level. In collaboration with VERBUND, we are excited to jointly explore the possibilities to deliver green hydrogen to Central Europe with a