waaree december
buybestinclassgoodwesolarinvertersandwinexcitingprizes

Egyptian Government, EDF Renewables, And Zero Waste Signs Agreement For Development Of Green Hydrogen

0
58

Reading Time: 4 minutes

At the COP27, the “Green Fuel Alliance” consortium led by EDF Renewables, a leading player in renewable energy, and Zero Waste, a leading company specialized in developing projects in the Egyptian fertilizer, oil & gas, power generation, and cement industries have signed a Framework Agreement with the Ministry of Electricity, the General Authority for Suez Canal Economic Zone (SCZONE) and the Infrastructure and Utilities Sub Fund of The Sovereign Fund of Egypt (TSFE) for the development of a green hydrogen and derivatives mega-project to be located at the Suez Canal Economic Zone.

pixon_december

The Framework Agreement was signed during the COP27 in Sharm El-Sheikh as part of Egypt’s Green Hydrogen Strategy. The overall project is based on a mix of over 2 GW of wind and solar renewable energies to be implemented in phases and aims to power a 700 MW electrolyzer to produce green hydrogen and ammonia.

The first phase of the project will generate about 22,000 tons of green hydrogen per year for ammonia synthesis and is scheduled to be operational by 2026. According to the Agreement, by 2030 the project will scale up the total green hydrogen production capacity by reaching 80,000 tons per year.

Also Read  India Plans To Set Up New Transmission System for 66.5 GW Renewable Energy Zones by 2022

The Framework Agreement was signed in the presence of the Minister of Electricity and Renewable Energy Dr. Mohamed Shaker and the Minister of Planning and Economic Development Dr. Hala Elsaid by Francois Dao, Vice-President, Middle East and Africa of EDF Renewables, Amr Elsawaf, Chairman of Zero Waste, Walid Gamal El Din, Chairman SCZONE, Sabah Mashaly, Chairperson EETC, Mohamed El Khayat, Chairman NREA, and Ayman Soliman, CEO TSFE at a signing ceremony in Sharm El Sheikh, Egypt.

Francois Dao, Vice-President, of the Middle East and Africa of EDF Renewables said, “Egypt’s COP27 sets new cleaner targets by clearly positioning the country as a regional hub for green hydrogen production. Today’s framework agreement signature anchors our common commitment to scale up the green hydrogen generation and marks a key milestone for the region’s energy transition. We are proud to thrive Egypt’s sustainable ambitions by creating local job opportunities in the country and are actively supporting the decarbonization process of the industries. This project is in line with EDF CAP 2030’s ambition to double its net renewable capacity from 28 GW to 60 GW between 2015 and 2030. As an extension, the project will also contribute to EDF’s recent Hydrogen plan whose objective is to develop 3 GW electrolysis capacity by 2030.”

Also Read  Mitsubishi Power Highlights Hydrogen Economy Pathway To Accelerate Energy Transition In MENA

Amr Elsawaf, Chairman of Zero Waste said, “The strong, visionary leadership in Egypt has once again shown its commitment to provide a sustainable and better future for its people and the world. Having hosted a very successful COP 27 in Sharm Elsheikh, Egypt once again proved to the world that it is open for business. We are proud to contribute and be part of the path Egypt has taken to become a regional green fuel hub by offering zero-carbon fuel to the maritime industry crossing the Suez Canal. With the abundance of wind and solar resources available in Egypt and the commitment of the Egyptian leadership to drive the green energy transition, we are more and more convinced that choosing to develop our Green Fuel Alliance project in Egypt is the correct choice. For decades, as a family, we have been involved in the development of strategically important projects in Egypt and are very much looking forward to continuing with the tradition, by developing the full value chain for this important green hydrogen and green ammonia fuel bunkering project in Egypt powered 100% from renewable sources, with a capacity of 500,000 tons of green ammonia per year.”

Also Read  Arab Coordination Group Commits To US$24 Billion Of Climate Action Financing By 2030

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.