{"id":74951,"date":"2022-11-24T01:50:14","date_gmt":"2022-11-24T01:50:14","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/11\/24\/today-egypt-is-looking-at-china-for-green-hydrogen-renewables-is-china-a-green-leader-a-global-climate-villain-or-both\/"},"modified":"2022-11-24T01:50:14","modified_gmt":"2022-11-24T01:50:14","slug":"today-egypt-is-looking-at-china-for-green-hydrogen-renewables-is-china-a-green-leader-a-global-climate-villain-or-both","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/11\/24\/today-egypt-is-looking-at-china-for-green-hydrogen-renewables-is-china-a-green-leader-a-global-climate-villain-or-both\/","title":{"rendered":"TODAY: Egypt is looking at China for green hydrogen, renewables + Is China a green leader, a \u201cglobal climate villain,\u201d or both?"},"content":{"rendered":"

Good morning, wonderful people. <\/strong>As we approach the weekend, we\u2019re looking forward to some uninterrupted football after the World Cup delivered another surprise with the defeat of another favorite \u2014 this time Germany \u2014 at the hands of Japan.<\/p>\n

And if you\u2019re one of the five Americans that watch the sport, the fun starts early as it is Thanksgiving today.<\/strong> We wish all our American readers a happy holiday.<\/p>\n

Otherwise, it\u2019s just nonstop green hydrogen: <\/strong>If you couldn\u2019t tell, green hydrogen has been the theme of the month. And yesterday it was full on, with new projects \u2014 both in the region and outside it \u2014 being announced, projects and policies being studied, and even the next lineup of climate events have been fixated on this wunder molecule. Let\u2019s get to it\u2026<\/p>\n

THE BIG CLIMATE STORY-<\/strong> Saudi Arabia\u2019s Acwa Power wants to build a USD 7 bn green hydrogen and derivatives production project in Thailand.<\/strong> The news comes a few days after Saudi Arabia signed a number of MoUs with Thailand. The plant\u2019s output will be used for local consumption and export.<\/p>\n

ALSO- Egypt is mapping out land for 4 GW wind farms to power all the projects the country signed for during COP27<\/strong>, the local press reported yesterday. Egypt had signed nine framework agreements with international companies at the summit to establish green hydrogen and ammonia plants in the Suez Canal Economic Zone.<\/p>\n

^^We have more on these stories and others in the news well, below. <\/strong><\/p>\n

Egypt is also looking eastbound: <\/strong>Egypt\u2019s Electricity and Renewable Energy Minister Mohamed Shaker met with a delegation from Energy China<\/a> to explore areas of cooperation on green hydrogen, electricity, and renewables, according to a statement<\/a>.<\/p>\n

<\/a> WATCH THIS SPACE- <\/strong>Lekela is joining the Egypt hydrogen party \u201csoon\u201d: <\/strong>It looks like we might be hearing of a new hydrogen project in the near future coming from Lekela Power, if statements by its CEO Chris Antonopoulous to Bloomberg<\/a> are anything to go by. After noting that the company was interested in partnering on green hydrogen, Antonopoulous noted that \u201cin Egypt, in particular, you\u2019re probably going to hear very soon from us.\u201d<\/p>\n

REMEMBER- <\/strong>Antonopoulous had said earlier this week<\/a> that the company was looking into green hydrogen production in the country, in partnership with the Sovereign Fund of Egypt. The move comes as part of the USD 2 bn earmarked for Egypt\u2019s green economy that was enabled in part by its acquisition<\/a> by regional renewables giant Infinity and the Africa Finance Corporation. Egyptian Planning Minister Hala El Said had said this week<\/a> that a new framework agreement with two international companies could be signed \u201cduring the coming period,\u201d without naming the companies.<\/p>\n

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enterprise<\/a><\/p>\n

<\/a> You can definitely expect that hydrogen of a variety of colors will be discussed at the <\/strong>Enterprise Climate X Forum<\/a><\/strong>, which <\/strong>is fast approaching. <\/strong>It is one of several key green economy issues we\u2019re incredibly excited to discuss with some of you in Cairo at the Grand Egyptian Museum<\/strong> on Tuesday, 6 December 2022 starting at 8am CLT.<\/p>\n

What else are we discussing?<\/strong> CEOs, execs, bankers and development finance folks will mull over a variety of topics, including:<\/p>\n