{"id":546043,"date":"2022-04-26T04:06:17","date_gmt":"2022-04-26T04:06:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/egypt-signs-green-energy-agreements\/"},"modified":"2022-04-26T04:06:17","modified_gmt":"2022-04-26T04:06:17","slug":"egypt-signs-green-energy-agreements","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/egypt-signs-green-energy-agreements\/","title":{"rendered":"Egypt signs green energy agreements"},"content":{"rendered":"

<\/a> Egypt has signed major agreements with international companies to produce <\/strong>green energy in the Suez Canal Economic Zone (SCZone)<\/strong> in a step that could help turn the zone into a green energy hub. French energy giant EDF Renewables and Emirati energy firms AMEA Power and Masdar have agreed to establish facilities producing green forms of energy including hydrogen and ammonia, the cabinet said in separate statements last week (here<\/a>, here<\/a> and here<\/a>).<\/p>\n

#1- EDF Renewables will build a USD 3 bn facility to produce green fuel for ships<\/strong> alongside local firm ZeroWaste and the Sovereign Fund of Egypt (SFE). The Ain Sokhna-based plant will eventually produce 350k tons of fuel each year but will have a 140k-ton production capacity in the initial phase. Construction of the plant will begin in 2024, with operations slated to begin in 2026.<\/p>\n

#2- AlNowais\u2019 <\/strong>AMEA Power<\/a><\/strong> will partner with the SFE and other government agencies to establish a facility to produce green ammonia.<\/strong> The plant make 235k tons of ammonia a year during the initial phase, with production set to increase to 390k tons at a later date. Construction will begin by the end of this year, with the project set to come online by the end of 2025.<\/p>\n

#3- A consortium of Emirati renewable energy company Masdar and Hassan Allam <\/strong>Utilities will establish green hydrogen plants <\/strong>that can produce up to 480k tons of green hydrogen a year. The first facility will produce 100k tons of e-methanol annually to use as green fuel for ships, the cabinet quoted Hassan Allam Holding CEO Amr Allam as saying. The plant is set to become operational by 2026. The consortium also plans to expand electrolyser facilities to up to 4 GW by 2030 to produce 2.3 mn tonnes of green ammonia to export as well as supply green hydrogen to domestic industries, he added.<\/p>\n

Who owns what:<\/strong> The cabinet didn\u2019t provide a breakdown on the ownership of the plants but SFE head Ayman Soliman told Bloomberg Asharq<\/a> last week that the fund will own 15-20% of each.<\/p>\n

Green energy projects in the SCZone have been all the rage lately:<\/strong> Earlier this month, the SFE, Norway\u2019s Scatec, Nassef Sawiris-backed ammonia producer Fertiglobe and Orascom Construction signed an agreement<\/a> to build and operate a planned 100 MW green hydrogen plant in Ain Sokhna. The project is set to come online by 2024, making it Egypt\u2019s first operational green hydrogen plant. This came only a few weeks after Scatec announced plans<\/a> to build a 1 mn ton-per-year green ammonia plant in the zone.<\/p>\n

BACKGROUND: <\/strong>Egypt is pushing a strategy to channel bns of USD of investment to create a local green energy industry amid a rising international interest in energy sources such as green hydrogen. Cairo\u2019s plans have attracted major global players<\/a> seeking investments in the sector in the country.<\/p>\n

Head to our <\/strong>explainer here<\/a><\/strong>for everything you need to know about green hydrogen<\/strong> and what Egypt plans to do with it.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt has signed major agreements with international companies to produce green energy in the Suez Canal Economic Zone (SCZone) in a step that could help turn the zone into a green energy hub. French energy giant EDF Renewables and Emirati energy firms AMEA Power and Masdar have agreed to establish facilities producing green forms of […]<\/p>\n","protected":false},"author":1,"featured_media":546044,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7825],"tags":[1412,72,246,370,416,1762],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-economy","tag-edf-renewables","tag-enterpriseam","tag-green-economy","tag-sovereign-fund-of-egypt","tag-suez-canal-economic-zone","tag-zero-waste","wpautop","entry"],"acf":{"mongo_id":"37c6713c-597a-4ba6-adb3-ab0228f7231c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/350.jpg","photo_position":"above","related_issue":[546039],"teaser":"","voice_url":""},"yoast_head":"\nEgypt signs green energy agreements - EnterpriseAM Egypt<\/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\/egypt\/2022\/04\/26\/egypt-signs-green-energy-agreements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt signs green energy agreements\" \/>\n<meta property=\"og:description\" content=\"Egypt has signed major agreements with international companies to produce green energy in the Suez Canal Economic Zone (SCZone) in a step that could help turn the zone into a green energy hub. 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France\u2019s EDF Renewables and Egypt\u2019s ZeroWaste are together one of six international consortiums currently in talks with the Suez Canal Economic Zone (SCZone) to establish a USD 1 bn green ammonia plant that would produce green fuel for ships, SCZone head Yehia Zaki\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/270.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545950,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/18\/el-sisi-meets-with-us-senators-more-green-energy-talks\/","url_meta":{"origin":546043,"position":1},"title":"El Sisi meets with US senators + more green energy talks","author":"enterpriseam admin","date":"18 April 2022","format":false,"excerpt":"President Abdel Fattah El Sisi met last week with a US Congressional delegation headed by Sen. Richard Shelby, according to an Ittahidya statement. The meeting \u2014 which discussed ways to strengthen bilateral relations and touched on regional and international issues \u2014 was also attended by Foreign Minister Sameh Shoukry, who\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548174,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/another-green-hydro-plant-courtesy-of-india\/","url_meta":{"origin":546043,"position":2},"title":"Another green hydro plant, courtesy of India","author":"enterpriseam admin","date":"28 July 2022","format":false,"excerpt":"Egypt, India could establish a USD 8 bn green hydrogen plant: Egyptian government agencies signed an MoU with Indian renewables company ReNew Power to establish a green hydrogen plant in the Suez Canal Economic Zone (SCZone), according to a cabinet statement. The plant will crank out 220k tons of hydrogen\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550750,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/this-is-the-last-issue-this-week-see-you-tuesday-edf-renewables-amea-power-sign-major-agreements-to-produce-green-energy-in-sczone\/","url_meta":{"origin":546043,"position":3},"title":"This is the last issue this week: See you Tuesday + EDF Renewables, AMEA Power sign major agreements to produce green energy in SCZone","author":"enterpriseam admin","date":"20 April 2022","format":false,"excerpt":"PSA #1- This is our last edition of this week. We\u2019re taking a publication holiday tomorrow (we do this each year so we can gather as a team for iftar) in addition to the bank holiday on Sunday and Monday\u2019s national day off (confirmed by the EGX this morning). Our\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576991,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/sczone-might-be-getting-an-investment-arm\/","url_meta":{"origin":546043,"position":4},"title":"SCZone might be getting an investment arm","author":"enterpriseam admin","date":"6 November 2022","format":false,"excerpt":"SCZone to get investment arm? The Suez Canal Economic Zone (SCZone) plans to establish an investment company to channel finance into projects being established in the zone, SCZone head Walid Gamal El Din said Saturday, without providing further information.This isn\u2019t the same thing as the Suez Canal Authority\u2019s new fund:\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/91.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587248,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/energy-china-to-ink-framework-agreement-for-green-hydrogen-plant-by-july\/","url_meta":{"origin":546043,"position":5},"title":"Energy China to ink framework agreement for green hydrogen plant by July","author":"enterpriseam admin","date":"24 May 2023","format":false,"excerpt":"The plant will produce 1.2 mn tons of ammonia and 210k tons of hydrogen","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1326.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546043"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546043\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546044"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546043"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546043"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}