Cairo - Mubasher: TAQA Arabia, Egypt's energy and utility provider, and its France-based partner Voltalia sealed a memorandum of understanding (MoU) with the Egyptian government to develop a green hydrogen production facility in the Suez Canal Economic Zone (SCZONE).
The initial project will contain a new green hydrogen facility with an annual production capacity of 15,000 tonnes in a greenfield site near Ain Sokhna port in the SCZONE and will be implemented through a 100-megawatts (MW) electrolyser supplied with 283 MW of renewable power, according to a press release.
The project will be extendable to up to 150,000 tonnes annually of green hydrogen with an electrolyser capacity of up to an aggregate of 1 gigawatt (GW) supplied by a total of 2.70 GW of solar-and-wind power.
Meanwhile, the Egyptian government will provide the land required for the scheme.
The collaboration between TAQA Arabia and Voltalia aligns with Egypt’s objective to secure a 42% renewable share of total generation capacity by 2035 and enlarge the share of renewables in the energy mix.
It is worth mentioning that the signing of the agreement was witnessed by Mostafa Madbouly, Egypt’s Prime Minister, Mohamed Shaker, Minister of Electricity and Renewable Energy, Hala El Said, Minister of Planning and Economic Development, and Mahmoud Essmat, Minister of Public Enterprise Sector.
Khaled Abubakr, Executive Chairman of TAQA Arabia, said: “This cooperation comes in support of Egypt's sustainable energy strategy 2035.”
Last May, TAQA Arabia acquired the liquefied natural gas (LNG) arm of Rosetta Energy to scale up its business portfolio across Egypt, as well as the Middle East and Africa (MEA) region.
