Cairo eyes role as clean energy exporter
Egypt starts to look beyond decarbonisation of its domestic power sector as investment in its renewables and emerging clean hydrogen sector gain momentum
While reaping record rewards from its gas exports, Cairo has also accelerated preparations this month to expand its emerging role as the Eastern Mediterranean’s clean energy hub. In mid-October, a consortium of France’s Engie, Japan’s Eurus Energy Holdings Corporation and the local Orascom Construction signed a 20-year agreement with state-owned Egyptian Electricity Transmission Company to develop a 500MW wind farm at Ras Ghareb, on the Gulf of Suez. The project is scheduled for completion in 2024. The trio had previously commissioned a 262.5MW facility nearby in 2019. Separately, Denmark’s Vestas and Amsterdam-based Lekela Power are also each developing 250MW plants in the same reliably win
Also in this section
3 May 2024
Australia’s Fortescue and France’s EDF Renewables among the successful bidders as second-round auction draws green hydrogen projects worth about $11b
1 May 2024
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research
1 May 2024
Low clearing prices in first European Hydrogen Bank auction reflect fierce competition for green hydrogen subsidies and buyers’ willingness to pay premium
1 May 2024
Japanese company launches test module at Takasago Hydrogen Park with aim to deploy megawatt-scale demonstration project of electrolyser technology