{"id":78704,"date":"2023-07-31T01:00:21","date_gmt":"2023-07-31T01:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/switzerlands-smartenergy-is-eyeing-a-usd-1-bn-green-hydrogen-project-in-egypt\/"},"modified":"2023-07-31T01:00:21","modified_gmt":"2023-07-31T01:00:21","slug":"switzerlands-smartenergy-is-eyeing-a-usd-1-bn-green-hydrogen-project-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/switzerlands-smartenergy-is-eyeing-a-usd-1-bn-green-hydrogen-project-in-egypt\/","title":{"rendered":"Switzerland\u2019s Smartenergy is eyeing a USD 1 bn green hydrogen project in Egypt"},"content":{"rendered":"

<\/a> Another green hydrogen project in Egypt<\/strong>? <\/strong>Swiss renewable power group Smartenergy<\/a> are in talks to set up a USD 1 bn green hydrogen project in Egypt with agreements set to be signed in 4Q 2023, a government source told Enterprise Climate. The news was first reported by Asharq Alawsat<\/a>, with Smartenergy\u2019s Chief Financial Officer Ren\u00e9 Cotting confirming the firm is close to signing the agreement with Egypt without providing further details about the project or its timeline.<\/p>\n

This would be the firm\u2019s first project outside of Europe:<\/strong> Founded in 2011, Smartenergy invests in solar, wind, and hydrogen projects in Switzerland, Germany, Italy, Spain and Portugal. The company focuses on late stage development, ready-to-build, and operational assets, according to its website<\/a>.<\/p>\n

REMEMBER- Egypt is seeing a green hydrogen bonanza:<\/strong> The Egyptian government signed several framework agreements during COP27<\/a> with foreign companies to construct several green hydrogen and ammonia facilities in the SCZone. The facilities would cost a combined USD 83 bn and collectively produce up to 7.6 mn tons of green ammonia and 2.7 mn tons of hydrogen a year. Egypt also approved incentives in May<\/a> to boost the country\u2019s green hydrogen sector and lure in much-needed foreign exchange inflows.<\/p>\n","protected":false},"excerpt":{"rendered":"

Another green hydrogen project in Egypt? Swiss renewable power group Smartenergy are in talks to set up a USD 1 bn green hydrogen project in Egypt with agreements set to be signed in 4Q 2023, a government source told Enterprise Climate. The news was first reported by Asharq Alawsat, with Smartenergy\u2019s Chief Financial Officer Ren\u00e9 […]<\/p>\n","protected":false},"author":1,"featured_media":78705,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[269],"tags":[40,11,39,1766],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-hydrogen","tag-egypt","tag-enterpriseclimate","tag-green-hydrogen","tag-smartenergy","wpautop","entry"],"acf":{"mongo_id":"5c2fddc3-15bb-4fd2-8d66-1132ee3a522b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/336.jpg","photo_position":"above","related_issue":[78697],"teaser":"","voice_url":""},"yoast_head":"\nSwitzerland\u2019s Smartenergy is eyeing a USD 1 bn green hydrogen project in Egypt - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/switzerlands-smartenergy-is-eyeing-a-usd-1-bn-green-hydrogen-project-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Switzerland\u2019s Smartenergy is eyeing a USD 1 bn green hydrogen project in Egypt\" \/>\n<meta property=\"og:description\" content=\"Another green hydrogen project in Egypt? 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