Under initial plans, the partners have said they will build a green hydrogen production facility with capacity to produce up to 15,000 tonnes per year near Ain Sokhna port in the Suez Canal Economic Zone, installing a 100MW electrolyser, powered by 283MW of renewable power.

Voltalia and TAQA say they intend to expand the project to boast a green hydrogen production capacity of 150,000 tonnes per year with electrolyser capacity of 1GW, supplied by 2.7GW of solar and wind power.

The memorandum of understanding (MoU) was signed by The Sovereign Fund of Egypt (TSFE), the General Authority for Suez Canal Economic Zone (SCZONE), the New and Renewable Energy Authority (NREA), and the Egyptian Electricity Transmission Company (EETC).

“We are extremely pleased to have signed this Memorandum of Understanding,” said Sébastien Clerc, CEO of Voltalia. “Voltalia has been active in Egypt since 2017 having developed, built and operated its Râ Solar project within the Benban cluster. This green hydrogen project will be a first for Voltalia and will allow us to broaden our range of renewable solutions to clients.”

H2 View understands, Voltalia will be initial shareholders as majority partner, and TAQA, while TSFE and EETC will have the right to become minority shareholders.

This is just the latest agreement signed with Egyptian Government entities in recent months to explore developing green hydrogen capacity in the country. On Thursday (December 8), bp signed an agreement with the Government to explore the potential of establish a green hydrogen production facility.

Read more: bp signs agreement with Egyptian Government to explore green hydrogen production

The oil and gas major has said it will evaluate the technical and commercial feasibility of developing a multi-phase, large-scale green hydrogen export hub in Egypt, considering several locations across the country, targeting best-in-class resources.

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