Tag: Egypt

<strong>China Energy to launch $5.1 billion green hydrogen plant in Egypt</strong>

China Energy to launch $5.1 billion green hydrogen plant in Egypt

March 14, 2023 |

China Energy intends to start construction on a $5.1 billion green hydrogen project in Egypt in May 2023. Reportedly,  the Chinese investor will send a team from the company to go through the project’s details in April 2023. As previously announced, the project will be developed in two phases and will feature a solar and wind power plant, electrolysers for hydrogen production, ammonia synthesis devices, and accompanying storage and processing facilities.

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AMEA Power receives financing for renewable projects in Egypt

AMEA Power receives financing for renewable projects in Egypt

December 1, 2022 |

AMEA Power, an AE-based renewable energy corporation, has reached a $1.1 billion financial close for 1 GW of renewable energy capacity in Egypt. The renewable portfolio includes a 500 MW wind project and a 500 MW solar asset, bringing the company’s clean energy portfolio in the country to 2 GW.

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Masdar, Hassan Allam and Infinity Power sign agreement to build a 10 GW wind project in Egypt

Masdar, Hassan Allam and Infinity Power sign agreement to build a 10 GW wind project in Egypt

November 10, 2022 |

Masdar, along with its Dutch joint venture company Infinity Power and Hassan Allam Utilities, has signed a memorandum of understanding (MOU) with Egypt’s Ministry of Electricity and Renewable Energy to construct a 10 GW onshore wind project in Egypt. The project will be able to generate 47,790 GWh of clean energy annually as part of the country’s Green Corridor strategy, displacing 23.8 million tonnes of carbon emissions.

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Germany, Egypt sign renewable hydrogen partnership

Germany, Egypt sign renewable hydrogen partnership

November 7, 2022 |

Germany and Egypt have decided to step up their partnership by signing a declaration of intent for the production of green hydrogen ahead of the COP 27 climate summit. This should provide an opportunity for a structured discussion with companies and other relevant individuals to facilitate the exchange of advanced technologies, harmonise the regulatory structure, and make clear financing-related issues.

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Globeleq and Government of Egypt partner to develop a large-scale green hydrogen project 

Globeleq and Government of Egypt partner to develop a large-scale green hydrogen project 

August 31, 2022 |

In order to jointly develop a large-scale green hydrogen facility within the Suez Canal Economic Zone, Globeleq, based in Africa, has signed a MoU with the New and Renewable Energy Authority (NREA), the General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt for Investment and Development (TSFE), and the Egyptian Electricity Transmission Company (EETC).

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Rosatom, Korea Hydro and Nuclear Power sign contract for turbine island at El-Dabaa NPP in Egypt

Rosatom, Korea Hydro and Nuclear Power sign contract for turbine island at El-Dabaa NPP in Egypt

August 30, 2022 |

In order to construct the turbine islands for the El-Dabaa Nuclear Power Plant (NPP) project in Egypt, Korea Hydro and Nuclear Power (KHNP) and Rosatom’s engineering company Atomstroyexport have finalised a contract. Under the agreement, KHNP will develop 80 buildings and structures at the power plant’s four units. It will also take on the responsibility of procuring and supplying equipment and materials for the turbine islands.

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ACWA and Hassan partner to develop 1.1 GW wind project in Egypt

ACWA and Hassan partner to develop 1.1 GW wind project in Egypt

June 23, 2022 |

ACWA Power, a Saudi energy company, and Hassan Allam Holdings, an Egyptian engineering firm, have signed a project agreement to develop a 1.1 GW wind project. The wind project will be constructed in Egypt’s Gulf of Suez and Gabal el Zeit region and will cost $1.5 billion. The project is scheduled to be financially closed by the third quarter of 2024 and operational by the end of 2026.

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Globeleq acquires a 66 MW solar project in Egypt

Globeleq acquires a 66 MW solar project in Egypt

October 20, 2021 |

Globeleq, a leading independent power company in Africa, has completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MWp solar photovoltaic (PV) plant located at the Benban Solar Park near Aswan, Egypt. The SECI Energia, Enerray, and Desert Technologies consortium developed the ARC plant as part of the Egyptian government’s feed-in-tariff programme’s second round.

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Siemens Energy signs MoU with EEHC in Egypt

Siemens Energy signs MoU with EEHC in Egypt

August 31, 2021 |

Germany’s Siemens Energy has signed a memorandum of understanding (MoU) with the Egyptian Electricity Holding Company (EEHC) to jointly develop a hydrogen-based industry in Egypt with the capability for export. The agreement builds on a memorandum of intent signed in January by Siemens Energy and EEHC and it lays the groundwork for long-term collaboration to scale up Egypt’s hydrogen-based sector.

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Azelio receives order for 20 energy storage units in Egypt

Azelio receives order for 20 energy storage units in Egypt

August 20, 2021 |

Azelio, based in Sweden, has won a conditional order from Egypt’s Engazaat Development SAE for 20 of its TES.POD renewable energy storage devices. The TES.POD devices will be financed, implemented, and maintained by a project business co-owned by Azelio and Engazaat Development SAE, and will be utilised in Egypt’s SAVE sustainable agricultural initiative. The order is worth roughly $1.5 million and is expected to be delivered in December 2021.

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IFC to invest $100 million for a green bond in Egypt

IFC to invest $100 million for a green bond in Egypt

August 4, 2021 |

The International Finance Corporation (IFC) will invest $100 million towards Egypt’s first private sector green bond. This investment will aid in the mobilization of funds for climate-smart initiatives, the reduction of greenhouse gas emissions, and the country’s transition to a greener economy. 

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TAQA Power to develop 5 MW of solar power in Egypt

TAQA Power to develop 5 MW of solar power in Egypt

July 15, 2021 |

TAQA Power, a subsidiary of the TAQA Arabia group, has announced that it will construct two 5 MW solar photovoltaic (PV) power plants in the Red Sea’s beach town of Somabay. The two solar power plants are projected to make a major contribution to lowering Soma Bay’s environmental effect.

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Egypt exploring the possibility of exporting renewable energy to Iraq via Jordan

Egypt exploring the possibility of exporting renewable energy to Iraq via Jordan

May 7, 2021 |

The Egyptian government has announced that it is exploring the possibility of exporting some of its renewable energy to Iraq. For this, the government would have to construct new power lines to boost the Iraqi grid through Jordan. Further, Egypt will first have to increase the capacity of the electricity line that links it to Jordan. The submarine cable is 13 km in length and has a power rating of 400 kV. It crosses the Gulf of Aqaba, with an exchange capacity of 550 MW, and with an increase in the power of the line, the transfer of power should be possible.

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