Report: Egypt to invest up to $4B in green hydrogen project
Arab News, citing the Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker.
The project is currently in the feasibility studies stage, in consultation with the Sovereign Fund of Egypt and a group of concerned ministries, and will be presented next week.
Shaker said that an area of more than 7,000 sq. km has been allocated for renewable energy production projects in Egypt, from which it can produce about 90,000 megawatts (MW).
The Ministry of Electricity and Renewable Energy has set a goal for 42% of the total energy produced in Egypt to be sourced from renewables by 2035. By the end of this year, it will have achieved 20% a year ahead of schedule.
Egypt to Invest Up to $4 Billion to Generate Green Hydrogen Gas
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Arab Finance - News - Egypt to pump $4B in green hydrogen production
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