RIYADH: Saudi Arabia and Germany have signed an agreement to export 200k tonnes of green hydrogen annually from the Kingdom to Europe by 2030, strengthening their clean energy partnership. The memorandum of understanding was inked between ACWA Power and the German energy trading company SEFE and will see the Saudi company serve as the developer, investor, and primary operator of green hydrogen and ammonia production assets. SEFE will act as a co-investor and key buyer and will be responsible for marketing the green hydrogen to its customers in Germany and Europe.