A series of complexes of the type [fac‐Re(X)(CO)3(N∩N)] (X = –C≡C–R, N∩N = 2,2′‐bipy, 2,2′‐phen) were synthesized and fully characterized. Their photophysical characteristics make them very convenient photosensitizers (PSs). Upon light irradiation, H2 formation was observed for all alkynyl complexes in the presence of a water‐reducing catalyst (WRC) and a sacrificial electron donor. Relative rates of H2 production indicate a dependency upon the diimine ligands rather than upon the nature of the σ‐bonded alkynyl derivatives. The coordinated acetylene group induces a redshift of the λmax of the MLCT band in UV/Vis spectroscopy as compared to those of the corresponding halides, nitriles, or cationic ReI complexes, such as [fac‐ReX(CO)3(N∩N)] (X = pyridine, H2O, N∩N = bipy, phen).