Egypt is attracting green hydrogen projects located alongside the Suez Canal
Egypt’s renewables drive shifts focus
Green hydrogen and distributed solar grab investor attention as country prepares for Cop27 climate talks in November
Saudi Arabian power company Acwa Power has agreed to develop the Middle East’s largest windfarm at Egypt’s Gabal el-Zayt wind power hub on the Gulf of Suez under a contract signed in June during a visit by Crown Prince Mohammed bin Salman. However, new government-procured utility-scale projects of this type have become a rarity as the country now has more capacity than the transmission system can handle or grid-connected consumers require. Egypt is a regional leader in non-hydro renewables, with some 3.4GW onstream by the end of 2021. The focus of investor attention has switched to alternative downstream deployment of the largely desert nation’s vast solar and wind potential—chiefly in terms
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
