Globaleq to build and finance major green hydrogen facility in Egypt

Globeleq has signed an agreement to develop and finance a large-scale green hydrogen facility within the Suez Canal Economic Zone.

The agreement was signed during COP27 with the General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt for Investment and Development (TSFE), the New and Renewable Energy Authority (NREA), and the Egyptian Electricity Transmission Company (EETC).

Over the next 12 years, the project will be developed in three phases, with 3.6GW of electrolysers powered by up to 9GW of solar PV and wind energy.

The first phase, involving a pilot project which will produce 100,000 tonnes a year of green ammonia from hydrogen, mainly targeting exports to Europe and Asia for use in fertilisers, is expected to start operations by 2026-27.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...