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UAE's Masdar, Hassan Allam Utilities, and Infinity Power sign framework agreement with Egyptian state-backed entities for the development of green hydrogen and derivatives' production facilities First plant scheduled to be operational by 2026; consortium targeting capacity of 4 GW by 2030, and an output of up to 480,000 tons of green hydrogen per year Agreement highlights UAE's support for Egypt's clean energy objectives; follows Masdar's historic announcement of 10 GW wind project in country ABU DHABI, UAE, Nov. 17, 2022 /PRNewswire/ Masdar, the UAE's flagship clean energy company, and its consortium partners, Infinity Power Holding and Hassan Allam Utilities, announced that they have signed a framework agreement with leading Egyptian state-backed organizations on the development of a 2 gigawatt (GW) green hydrogen project in the Suez Canal Economic Zone (SCZONE). The Masdar-led consortium signed two Memorandums of Understanding (MoUs) in April with Egyptia
UAE's Masdar, Hassan Allam Utilities, and Infinity Power sign framework agreement with Egyptian state-backed entities for the development of green hydrogen and derivatives' production facilities First plant scheduled to be operational by 2026; consortium targeting capacity of 4 GW by 2030, and an output of up to 480,000 tons of green hydrogen per year Agreement highlights UAE's support for Egypt's clean energy objectives; follows Masdar's historic announcement of 10 GW wind project in country ABU DHABI, UAE, Nov. 17, 2022 /PRNewswire/ Masdar, the UAE's flagship clean energy company, and its consortium partners, Infinity Power Holding and Hassan Allam Utilities, announced that they have signed a framework agreement with leading Egyptian state-backed organizations on the development of a 2 gigawatt (GW) green hydrogen project in the Suez Canal Economic Zone (SCZONE). The Masdar-led consortium signed two Memorandums of Understanding (MoUs) in April with Egyptia