Saudi Arabia, Netherlands to partner in green energy, hydrogen
Photo by AMEA Power
The Netherlands and Saudi Arabia have sealed a pact to cooperate in renewable energy and clean hydrogen, the state-owned Saudi Press Agency (SPA) said on Thursday.
A memorandum of understanding (MoU) was signed between the Dutch Minister of Economic Affairs and Climate Policy Micky Adriaansens and Saudi Energy Minister Abdulaziz bin Salman Al Saud during the World Hydrogen Summit that took place on May 10 and May 11 in Rotterdam.
With the memorandum, the two countries aim to establish a framework for cooperation in a number of energy sectors such as renewable energy, energy efficiency, and electricity, as well as on issues related to energy security and clean hydrogen.
The partnership is expected to facilitate the creation of international supply chains linking the two countries. The scope of the memorandum includes also collaboration on technologies and solutions related to climate change mitigation, such as the circular carbon economy.
The Arab country has big aspirations to become a hydrogen exporter. A large-scale hydrogen production complex is planned in the northwest of the kingdom, integrating up to 4 GW of solar and wind energy. By 2026, it is expected to become operational and produce up to 1.2 million tonnes of green ammonia annually for export.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.