ACWA Power has signed an MoU with EnBW, ROSTOCK PORT GmbH, and VNG AG to create a green ammonia export corridor from Saudi Arabia’s Yanbu project to Germany’s Port of Rostock. The initiative aims to boost clean energy trade, support Germany's decarbonization, and enhance energy security, with operations expected to start by 2030.

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Construction has commenced on significant renewable energy projects across the Middle East, including the 1.5 GW Khazna Solar Project in the UAE, Oman’s first solar and storage initiative, and various expansions in Tunisia and Saudi Arabia. These efforts aim to enhance energy security, support climate goals, and foster regional partnerships in clean energy.

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