Saudi power, green hydrogen to advance Greece’s plans to be Europe’s energy hub: Minister

Saudi power, green hydrogen to advance Greece’s plans to be Europe’s energy hub: Minister

RIYADH: Greece wants to import renewable energy from Saudi Arabia to advance its position as an energy hub for Europe, its minister for investment and development said Tuesday. Speaking to Arab News at the 6th edition of the Future Investment Initiative forum in Riyadh, Adonis Georgiadi said his country and the Kingdom are developing a plan to export green hydrogen to the Hellenic Republic. Saudi Arabia is "going to produce the biggest green hydrogen on the planet. So yes, this would be one way," he said. The Kingdom is building the world's largest green hydrogen plant in NEOM that is expected to be online in 2025. “We will also build a cable and will let electricity flow from the Kingdom to Europe,” said Georgiadi, a move that no doubt will be welcomed by a continent mindful of its energy security. Talks are ongoing to determine how the two countries will be linked and a memorandum of understanding will be signed once an agreement is reached, he added. Georgiadi is optimistic about the future of the Greek economy. Following the trials and tribulations of the eurozone debt crisis of the previous decade, the nation saw record growth in 2022. “The predictions