A Memorandum of Understanding was recently signed by TAQA Arabia, Voltalia, and the Egyptian government to construct, finance, and manage projects involving green hydrogen and renewable energy sources (solar and wind).
A facility for producing green hydrogen with a 15,000-ton annual capacity will be a part of the initial project. The Suez Canal Economic Zone location will be a greenfield where the facility will be constructed, close to the port of Ain Sokhna. To produce this output, a 100-megawatt electrolyzer will be utilized, which will consume 283 megawatts of renewable energy.
According to reports, the project will be expanded to generate up to 150,000 tons of green hydrogen per year. A solar and wind-powered electrolyzer of this capacity will be used in the green hydrogen manufacturing facility.
At the signing ceremony in Cairo on the renewable energy and green hydrogen projects, the Egyptian government was represented by Dr. Madbouly, Egypt’s Prime Minister. Dr. Mohamed Shaker, the Minister of Electricity and Renewable Energy, and Dr. Hala El Said, the Minister of Planning and Economic Development, were also present. In addition, Dr. Mahmoud Essmat, Minister of Public Enterprise Sector, and Eng. Khaled Abu Bakr, Executive Chairman of TAQA Arabia, were in attendance as well.
TAQA Arabia, a division of QALAA Holding, an African pioneer in energy and infrastructure, and Voltalia, as the cluster’s largest partner, will be its original stockholders. However, TSFE and EETC will be granted the ability to become minority shareholders.
