Voltalia and TAQA Arabia signed an MoU with the Egyptian Government recently, to build, fund, and operate renewable energy (solar and wind) and green hydrogen projects.
The initial project will include a green hydrogen production facility with a capacity of 15,000 tons per year. The facility will be built on a Greenfield site near the port of Ain Sokhna in the Suez Canal Economic Zone. A 100-megawatt electrolyzer that uses 283 megawatts of renewable energy will be used for this output.
Reportedly, the project will be expanded to produce up to 150,000 tons of green hydrogen annually. With this capacity, the green hydrogen production facility will utilize an electrolyzer capable of using up to 1 gigawatt of solar and wind energy.
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Remarks on the MoU on renewable energy and green hydrogen projects in Egypt
CEO of Voltalia, Sébastien Clerc, said, “This MoU’s signing makes us incredibly thrilled. Since 2017, Voltalia has been operating in Egypt after constructing and managing its Râ Solar plant within the Benban cluster. For Voltalia, this green hydrogen initiative will be the first. It will enable us to offer our clients more renewable choices.”
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.
The cluster’s initial shareholders will be TAQA Arabia, a division of QALAA Holding, an African pioneer in energy and infrastructure, and Voltalia, as the majority partner. However, the right to become a minority shareholder will be granted to TSFE and EETC.