Saudi Arabia's ACWA Power signs deal for 2 GW green hydrogen capacity in Tunisia

Areas Impacted: Green Hydrogen, Renewable Energy, Wind Power, Solar Power

June 4th, 2024

Saudi green hydrogen developer ACWA Power has signed a memorandum of understanding with Tunisia to develop a multi-gigawatt green hydrogen project that will export output to Europe. Under the agreement, signed between ACWA Power's CEO, Marco Arcelli and Tunisia's Minister of Industry, Mines and Energy Fatma Thabet Chiboub, ACWA Power will produce up to 600,000 tonnes of green hydrogen per year in the North African nation over three phases. The company will also develop and acquire 12 GW of renewable energy generation capacity. The company will set up 2 GW of hydrogen production capacity as part of the project's first phase. The phase will produce 200,000 tonnes of hydrogen a year that will be sent through the SoutH2 Corridor, which will connect Tunisia with Italy, Austria and Germany and open by 2030.

To access the news story, click here.