A framework agreement was signed by Masdar, its consortium partners Infinity Power Holding and Hassan Allam Utilities, and prominent state-backed institutions in Egypt for the development of a 2 GW green hydrogen project in the Suez Canal Economic Zone (SCZONE).
The Renewstable is one of two models of hydrogen power plants developed by HDF Energy.
Thirty French firms are interested in investing in green hydrogen in Egypt, according to Dr. Dalia Samir, the managing director of Hydrogen Egypt.
Cop27: Egypt announced its intention to establish itself as a center for hydrogen production and capture 5% of the world market by 2040.
The “Green Hydrogen Forum” is launched by Belgium and Egypt with the goal of “becoming a European gateway for the import of green hydrogen.”
The collaboration will support commercial strategies, technology, and capacity-building initiatives for the deployment of low-carbon hydrogen in poor nations.
The first green hydrogen plant to be built in Egypt will receive an $80 million loan from EBRD.
The project’s overall capacity for producing green hydrogen will increase to 2,20,000 tonnes per year.
Together with the Federal Ministries for Economic Cooperation and Development (BMZ) and for Economic Affairs and Climate Protection (BMWK), KfW presented the first financing platform in the world for specialized financing of green hydrogen infrastructure at the UN climate conference in Sharm el-Sheikh and introduced its derivatives.
During Energy Day at the COP27, a new worldwide commission was established with the goal of accelerating planning and approvals for the vast deployment of renewable energy sources and green hydrogen.
