Globeleq has signed a Framework Agreement 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), to jointly develop a large-scale green hydrogen facility within the Suez Canal Economic Zone, Egypt.
The 3.6 GW hydrogen facility will be developed over 12 years in three phases. The first phase will involve a pilot project using a 100 MW electrolyser which will produce 100,000 tons p.a. of green ammonia from hydrogen, mainly targeting exports to Europe and Asia for use in fertilisers. The hydrogen production hub will be powered by 9 GW of wind and solar energy.
Globeleq, as lead developer and investor, will develop, finance, build, own and operate the green hydrogen project. The first phase of the project is expected to start operations by 2026-27.
AMEA Power has signed a Framework Agreement with the Government of Egypt to develop a 1,000MW green hydrogen project located at the coastal town of Ain Sokhna in the Suez Governorate, Egypt.
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ACWA Power Company has signed a memorandum of understanding (MoU) with Oman Investment Authority (OIA) to explore bringing the sovereign wealth fund on as an investor for the 1.1GW Suez Wind Energy project in Egypt.
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Masdar, along with Infinity Power and Hassan Allam Utilities, have signed a memorandum of understanding (MoU) to develop a 10 GW onshore wind project in Egypt.
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ACWA Power has signed a US$1.5 billion project agreement to build a 1.1 GW onshore wind farm project in Egypt.
Read moreLekela, the renewable power generation company announced that 250 MW West Bakr Wind farm starts commercial operations.
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