CAIRO - 8 December 2022: Egypt signed an agreement of understanding with Taqa Arabia company, one of the Citadel Capital companies, and its partner, Voltalia, listed on Euronext Paris, to establish, finance and operate a green hydrogen production plant with a capacity of 150 kilotons/year.
The initial phase of the project includes a new green hydrogen production plant with a capacity of 15,000 tons per year near Ain Sukhna port in the Suez Canal Economic Zone, using electrolysis technology with a capacity of 100 megawatts and equipped with 283 megawatts of renewable energy, according to a statement.
The project is scheduled to expand later to reach a production capacity of 150,000 tons per year, with a total electrolysis capacity of 1 gigawatt provided by a total of 2.7 gigawatts of solar and wind energy, provided that the Egyptian government provides the required land to build the project on.
The statement stated that the project comes with the aim of contributing to Egypt's constructive vision to increase the share of renewable energy sources in the energy mix.
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