Voltalia, TAQA Arabia plan 3.7-GW green energy cluster in Egypt
Image by TAQA Arabia.
French renewable power plants operator Voltalia SA (EPA:VLTSA) and Egyptian energy company TAQA Arabia have inked a memorandum of understanding (MoU) to develop, finance and operate a cluster in Egypt combining up to 3.7 GW of wind, solar and green hydrogen capacity.
The pact was signed with the government of Egypt, Voltalia said on Wednesday.
In the initial stage, the partners are planning to develop a 100-MW electrolysis facility near the Ain Sokhna port in the Suez Canal Economic Zone which will be powered by 283 MW of renewable energy. The electrolyser is expected to be capable of producing 15,000 tonnes per year at this stage.
The renewables cluster will be then expanded to reach a 1-GW electrolyser capacity supplied by an aggregate of 2.7 GW of solar and wind power. At this stage, the green hydrogen plant will be able to produce 150,000 tonnes per year.
Voltalia noted that the land for the project will be provided by the Egyptian government.
The pact is one of seven MoUs for green fuel production that the Egyptian government signed on Wednesday at a ceremony in the new administrative capital.
Currently, the North African country aims to increase the share of renewables to 42% by 2035.