Egypt Alexandria 7 5 billion energy storage project

What is a green energy project in Egypt?

The project company aims to reach up to 95% local labor participation in direct roles. In addition to job creation, the project is expected to accelerate the localization of key green energy manufacturing technologies in Egypt, such as electrolyzers, solar panels, and wind turbines.

How many tonnes of green hydrogen will Egypt produce a year?

Globeleq seeks to produce 2 million tonnes of green hydrogen annually in Egypt, the Cabinet’s statement noted. Egypt is also set to have its first green hydrogen plant with a 100 MW capacity in the Suez Canal Economic Zone (SCZone) at a cost of $5 billion, as per an MoU signed with Norway’s renewable energy solutions provider Scatec in March.

What is Egypt's Green Hydrogen strategy?

Egypt’s green hydrogen strategy, implemented in cooperation with the European Bank for Reconstruction and Development (EBRD) and the Arab Union for Sustainable Development and Environment (AUSDE), seeks to help Egypt contribute to 8 percent of the global hydrogen market, the Cabinet said in a statement on Saturday.

Can Egypt store green hydrogen?

Egypt already produces a relatively large volume of ammonia. It is Africa’s biggest ammonia producer and has an established experience in ammonia production, storage, and transportation. But the option of storing green hydrogen through the production and storage of green ammonia would depend on Egypt’s hydrogen development strategy.