Globeleq has signed a Memorandum of Understanding (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) to jointly develop a 3.6 GW green hydrogen project located within the Suez Canal Economic Zone, Egypt.
The company will be responsible for developing, financing, building, owning and operating a total of 3.6 GW of electrolyzers and approximately 9 GW of solar PV and wind energy generation. The project will be constructed in three phases, the first phase will consist of a pilot project utilizing a 100 MW electrolyser that will first focus on green ammonia fertilizers, while considering alternative end-uses of green hydrogen, such as green fuels, in the medium and long term.
Globeleq seeks to enter into long-term off-take agreements with Egyptian and foreign companies while supporting their decarbonization efforts.
Country updates
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August 19, 2022
Management and Operation documents signed for multibillion high-speed rail network in Egypt
The National Authority for Tunnels has signed a conditions document with Deutsche Bahn and El Sewedy Electric for the management and operation of the rapid electric train network in Egy...
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August 17, 2022
Egypt signs bilateral agreement for Suez Canal Container Terminal (SCCT) in East Port
Suez Canal Authority in Egypt has signed a bilateral agreement with A.P. Moller - Maersk (Maersk) for the development of the Suez Canal Container Terminal (SCCT) at a site in Suez East Port. The termi...
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August 12, 2022
Egypt launches RFQ for 20 seawater desalination plants PPP project
Suez Canal Authority, Holding Company for Water and Waste Water (HCWW) and New Urban Communities Authority in Egypt have issued a request for qualification (RFQ) seeking a private partner for the deve...
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August 05, 2022
RCREEE seeks consultant for decarbonization study in Arab region
The Regional Centre for Renewable Energy and Energy Efficiency (RCREEE) in Egypt is seeking a consultant to conduct a study on the decarbonization of the transport sector in the Arab Region and t...
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July 14, 2022
Operation begins for the first phase of USD1.24 billion Light rail line PPP project in Egypt
The Ministry for Transport in Egypt has announced that the operation of the first phase of the 10th of Ramadan Light Rail Transit (LRT) line has started in Cairo and its neighboring cities.
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