Voltalia signs MOU for green hydrogen project in Egypt with up to 2.7GW solar and wind

Facebook
Twitter
LinkedIn
Reddit
Email
This will be the first green hydrogen project for Voltalia in Egypt which will once fully operational will be powered with 2.7GW of solar PV and wind power. Image: H-TEC Systems.

Renewables company Voltalia and Egyptian oil company TAQA Arabia have signed a memorandum of understanding (MOU) with the Government of Egypt to develop, finance and operate a green hydrogen cluster with solar PV and wind power.

Located in a greenfield site near Ain Sokhna port in the Suez Canal Economic Zone (SCZONE), the initial phase of the project will produce 15,000 tonnes per year of green hydrogen which will be powered with 100MW of electrolysers supplied with 283MW of solar and wind power.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The project will then be expanded to 150,000 tonnes of green hydrogen with an electrolyser with a capacity of up to 1GW supplied with 2.7GW of renewable power.

Egypt has been pushing into increasing its pipeline of green hydrogen projects in the months leading to COP27 as well as during the event, with many announcements made throughout the year with AMEA Power (1GW of solar PV and wind power), ReNew Power with an US$8 billion investment or Fortescue Future Industries with a 9.2GW facility.

Given the country’s location and the importance of the Suez Canal for maritime transport many of the green hydrogen projects announced will be located in the vicinity of the SCZONE such as independent power producer Globeleq’s 9GW green hydrogen hub or renewables company Scatec for a green ammonia plant that will mainly be exported to Europe and Asia.

“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,” said Sébastien Clerc, CEO of Voltalia.

Moreover, earlier this week Voltalia raised US$515 million through a capital increase that will help the company build its 5GW capacity in operation or under construction by 2027.

Read Next

June 7, 2024
Solatio has signed a memorandum of understanding (MoU) with the Piauí state government in Brazil to develop a 4GW solar PV plant.
May 23, 2024
Installed solar and wind capacity is set to treble from now until 2030, and treble again between 2030 and 2050 to reach 31TW, according to BloombergNEF (BNEF).
May 16, 2024
French renewables company Voltalia has begun construction on a 126MW solar PV project in Uzbekistan.
May 9, 2024
The solar PV project will have revenue coming from a 30-year sales contract with Tunisian public grid operator STEG.
April 11, 2024
A €2.2 billion (US$2.3 billion) scheme to support investment into decarbonising industrial processes in Germany has been approved by the European Commission (EC).
April 2, 2024
Voltalia has reported earnings before interest, taxation, depreciation and amortisation (EBITDA) of €241.1 million (US$259 million) in 2023.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia