Smartenergy Partners with Egyptian Government for Major eAmmonia Production Venture: A Strategic Move in Renewable Energy Development

Smartenergy and the Government of Egypt have signed a Memorandum of Understanding (MoU) to collaborate on feasibility and engineering studies for an eAmmonia production plant in Egypt. This initiative marks a strategic move for Smartenergy, a Swiss renewable energy investment company, which began exploring the Egyptian market and building local partnerships in 2022.

According to Joāo Cunha, COO and Deputy CEO of Smartenergy, Egypt offers exceptional potential for green hydrogen and its derivatives production, such as eAmmonia. Factors contributing to Egypt’s attractiveness include abundant endogenous resources like wind and solar energy, vast land availability for project development, and its strategic geographical position with access to Europe and Asia via the Mediterranean Sea and the Suez Canal. Additionally, key national entities such as the New and Renewable Energy Authority, the Egyptian Electricity Transmission Company, the Sovereign Fund of Egypt for Investment and Development, and the General Authority for the Suez Canal Economic Zone are fully committed to the energy transition.

The proposed project by Smartenergy, endorsed by the Egyptian government, outlines the development of 2.6 GW of renewable energy capacity (wind and solar PV) to produce over 150,000 tons of Green Hydrogen annually through electrolysis in a 1 GW plant. This hydrogen will then be converted into 830,000 tons/year of eAmmonia, serving as feedstock for fertilizer production and green fuel for the maritime sector. With both local and export markets in mind, this ambitious project positions Egypt as a key player in the green hydrogen and derivatives market, solidifying Smartenergy’s role as a significant renewable energy partner for the country.