ACWA Power has signed a framework agreement for the development of the first phase of the green hydrogen project in Egypt.
ACWA Power, in collaboration with The Sovereign Fund of Egypt (TSFE), the Suez Canal Economic Zone (SCZone), the Egyptian Electricity Transmission Company (EETC), and the New and Renewable Energy Authority (NREA), has formally signed a framework agreement. This agreement outlines the initial stage of a green ammonia initiative with a capacity of 600,000 tonnes per year, driven by wind and solar facilities to scale up to a second phase with a potential capacity of 2 million tonnes per year. The ultimate goal is to progress towards a more expansive green hydrogen project within the country, potentially reaching a capacity of up to two million tonnes per year of green hydrogen.
Country updates
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October 16, 2023
Agreement signed to acquire 51% of 545 MW wind power stations in Ras Gharib city
Maersk International has signed a preliminary agreement with the Egyptian government to acquire 51% of the 545 MW wind power stations in the Zaafarana complex, Ras Gharib city, Red Sea governorate, Eg...
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August 22, 2023
Trial operation to be launched for 250 MW wind project in Egypt
Egypt’s New and Renewable Energy Authority (NREA) is set to begin the trial operations for the 250 MW Gulf of Suez wind power project located in the Gulf of Suez, approximately 30 km n...
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July 19, 2023
ACWA Power, NREA sign MoU for 10 GW wind project in west of Sohag
ACWA Power has signed a memorandum of understanding (MoU) with the New and Renewable Energy Authority (NREA) of Egypt for a 10 GW wind project. The MoU sets the stage for the development of a large-sc...
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June 08, 2023
Agreement signed for securing land to develop 10 GW Wind project in Egypt
Masdar has collaborated with Infinity Power and Hassan Allam Utilities to acquire land for a 10 GW onshore wind project in Egypt.
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April 27, 2023
US$123 million financing secured for 200 MW Solar PV project in Egypt
ACWA Power has signed a US$123 million financing package to develop the 200 MW Kom Ombo solar photovoltaic project in Egypt.
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