Masdar consortium moves ahead with 4-GW green hydrogen plan in Egypt
A consortium led by Masdar signs a framework agreement for the initial phase of a 4-GW green hydrogen production capacity in Egypt. Image by Egypt's Cabinet.
November 17 (Renewables Now) - UAE's clean energy company Masdar and its consortium partners Infinity Power Holding and Hassan Allam Utilities have signed a framework agreement with Egyptian state-backed organisations for the first phase of a 4-GW green hydrogen production capacity in the Arab country.
The pact paves the way for the development of a 2-GW project in the Suez Canal Economic Zone (SCZONE), Masdar said on Wednesday. The scheme will be the initial phase of a larger project that also envisages the installation of 2 GW of electrolysis capacity on the Mediterranean, targeting the production of 2.3 million tonnes of green ammonia for domestic use and export from the two sites by 2030.
The binding agreement is set to be signed with SCZONE, the Egyptian New and Renewable Energy Authority (NREA), Egyptian Electricity Transmission Company (EETC), and The Sovereign Fund of Egypt (TSFE).
The proposed SCZONE facility is planned to enter operations by 2026.
Masdar and Hassan Allam Utilities signed two memoranda of understanding (MoU) for the development of 4 GW of green hydrogen production capacity in April. Their consortium with Infinity last week unveiled plans to develop a 10-GW wind complex in Egypt.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.