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Egyptian Government signs agreement for green hydrogen development
Egyptian Government signs agreement for green hydrogen development

Egyptian Government signs agreement for green hydrogen development

Global investor in sustainable infrastructure, Actis has revealed it has signed a Memorandum of Understanding (MoU) with the Egyptian Government for green hydrogen development.

The agreement offers Actis an entry point into what has been viewed as a region with enormous potential to become one of the largest hydrogen markets, thanks to its renewable energy potential and proximity to European and Asian offtakers.

A Siemens Energy and Roland Berger report, released in July (2022) highlighted the Middle East and Africa (MEA) region’s potential of becoming an export of green hydrogen, after a Rystad Energy report anticipated that Egypt’s current hydrogen project pipeline would amount to production of 1.75 million tonnes of green hydrogen once they come online.

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