Plans have been released for a large-scale green hydrogen facility within the Suez Canal Economic Zone which aims to turn Egypt into a global green energy hub.
Independent power company Globeleq has signed a Memorandum of Understanding (MOU) with the New and Renewable Energy Authority (NREA), the General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt for Investment and Development (TSFE), and the Egyptian Electricity Transmission Company (EETC), to develop the facility.
As lead developer and investor, Globeleq will develop, finance, build, own and operate the green hydrogen project. It will be developed in three phases, totalling 3.6 GW of electrolysers and around 9 GW of solar PV and wind power generation.
The first phase, involving a pilot project using a 100 MW electrolyser, will initially focus on green ammonia fertilisers, while considering other end-uses of green hydrogen in the medium and longer term, including green fuels.
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