Egypt Partners with UAE’s Masdar for Green Hydrogen Projects, Moving Forward to Renewable Energy ...Egypt

Egypt’s Hassan Allam Utilities and the United Arab Emirates’ renewable energy company Masdar have signed two memorandums of understanding (MoUs) to work on the development of green hydrogen production plants in the Suez Canal Economic Zone (SCZone) and on the Mediterranean coast. The MoUs were also signed by Egyptian entities such as The General Authority for Suez Canal Economic Zone, New and Renewable Energy Authority, the Egyptian Electricity Transmission Company and The Sovereign Fund of Egypt. The parties target projects that produce an electrolyzer capacity of 4 gigawatts by 2030, and an output of up to 480,000 tons of green hydrogen per year. “Masdar and Hassan Allam Utilities see Egy

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