Details of yet another green hydrogen project in Egypt have been revealed with France's Voltalia and Egypt's Taqa Arabia announcing plans to have an aggregate 1 GW electrolyzer facility powered by 2.7 GW solar and wind energy in the Suez Canal Economic Zone.
Initially, the duo will go for a 100 MW electrolyzer project, powered by 283 MW renewable energy, to produce 15,000 ton green hydrogen annually. It will be located in a greenfield site near Ain Sokhna Port, making it easier and affordable to export. It will be extendable to up to an aggregate 1 GW electrolyzer with an aggregate 2.7 GW renewable capacity to generate up to 150,000 tons green hydrogen.
"This green hydrogen project will be a first for Voltalia and will allow us to broaden our range of renewable solutions to clients," said Voltalia CEO Sébastien Clerc.
Egyptian government will provide land for the project for the partners to develop, finance and operate the facility under the memorandum of understanding (MoU) signed.
Majority stakeholder in the project will be Voltalia and Taqa Arabia, while the Sovereign Fund of Egypt (TSFE) and the Egyptian Electricity Transmission Company (EETC) will have the right to assume minority stake.
Recently, Egypt accorded exclusive land rights to study potential for 7.6 GW renewable energy projects to Australia's Fortescue Future Industries (FFI) to produce green hydrogen (see FFI Offered Land Worth 7.6 GW Renewables In Egypt).
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