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ACWA Energy Gains Exclusive Approval to Export Green Hydrogen to Global Markets
ACWA Power announced that it has obtained exclusive approval from the Saudi government to export green hydrogen and its derivatives to international markets, including green ammonia, green methanol, and green hydrogen fuel. The approval also involves the company's mandate to develop projects for the production, transmission, and export of electricity from renewable sources, as well as building interconnection bridges with European and Arab markets to enhance the Kingdom's position as a global hub for clean energy. The company will disclose any developments or financial impacts resulting from these approvals later in accordance with Saudi financial market regulations.
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