A new report says that by 2050, green hydrogen could increase the GDP of six African countries by $126 billion, which is equal to 12% of their current GDP, and create up to 4 million jobs.
Browsing: green hydrogen
Fortescue Future Industries (FFI) has obtained exclusive land rights to host up to 7.6GW of large-scale wind and solar that would generate green hydrogen in Egypt.
India has said it wants to take part in this hydrogen revolution. According to the Harnessing Green Hydrogen research by NITI Aayog and RMI, India is in a good position to convert some of the lowest realized renewable energy costs in the world directly into a competitive green hydrogen economy.
With the goal of producing and exporting green ammonia, AMEA Power and the Egyptian government inked a framework agreement to build a 1 GW green hydrogen project in the Suez Governorate.
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).
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.”
With plans to build a 300MW facility in Kokkola, Flexens and KIP Infra have declared intentions to establish Finland’s “biggest” hydrogen production plant.
The first green hydrogen plant to be built in Egypt will receive an $80 million loan from EBRD.
