New Delhi played host to discussions between representatives from SCZONE (Suez Canal Economic Zone) and ReNew Power, a renowned Indian company specializing in renewable energy. The outcome of these discussions was the signing of a framework agreement between ReNew Power and SCZONE to establish a green hydrogen production plant in the Sokhna industrial zone. The plant is projected to have an initial capacity of 20,000 tons per year, with the potential for expansion up to 220,000 tons annually. The estimated investment for this ambitious project is approximately $8 billion.
The green hydrogen production plant will be implemented in phases, with the first phase focusing on an experimental stage aimed at producing 20,000 tons of green hydrogen per year. This will involve the use of electrolyzers with a capacity of 150 megawatts, complemented by 570 megawatts of renewable energy to produce 100,000 tons of green ammonia annually.
The subsequent phase will see an expansion to achieve a production capacity of 200,000 tons of green hydrogen per year. This expansion will involve an electrolyzer capacity of 1.5 gigawatts, powered by 5.68 gigawatts of renewable energy, resulting in the production of one million tons of green ammonia annually. The ultimate aim of the project is to reach a total capacity of 220,000 tons of green hydrogen per year.
During the visit of the SCZONE delegation to ReNew Power’s headquarters in New Delhi, the chairman of SCZONE engaged in discussions with the company’s officials regarding the project’s implementation progress and the requirements for upcoming stages of collaboration. These next stages of work are scheduled to commence next year. Furthermore, the company’s officials revealed their plans to visit Egypt in July to finalize discussions with the concerned parties regarding the project.
The establishment of the green hydrogen plant in the Sokhna industrial zone represents a significant step towards sustainable energy production and reinforces ReNew Power’s commitment to renewable energy solutions. This endeavor not only contributes to India’s renewable energy goals but also sets the stage for a fruitful collaboration between ReNew Power and SCZONE, marking an important milestone in the development of green hydrogen projects.