Germany’s SEFE secures 200,000-tonne annual green hydrogen offtake deal with ACWA Power
ACWA Power has signed an agreement with Germany’s SEFE Energy to supply 200,000 tonnes of green hydrogen per year from Saudi Arabia to Europe, starting in 2030.
With a customer portfolio of 200TWh/year, SEFE will serve as a co-investor and prime off-taker of the deal and is likely to primarily distribute the hydrogen throughout Germany and into Europe via upcoming pipeline developments.
Read more:Germany’s 9,000km hydrogen gamble: Will the Wasserstoff-Kernnetz pay off?
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