COP28: Egypt inks green energy deals, methanol, ammonia, 1GW solar with storage

COP28: Egypt inks green energy deals, methanol, ammonia, 1GW solar with storage

Egypt’s green ambitions took a major leap forward with the signing of three key partnerships. Minister of International Cooperation Rania A. Al-Mashat oversaw the agreements, which will see the government collaborate with the Norwegian company SCATEC, the African Development Bank (AfDB), and the British International Investment (BII) on transformative projects. Green Methanol for Ships: The first project targets the Suez Canal Economic Zone, where a facility will produce up to 200,000 tons of green methanol annually. This clean fuel will power ships, reducing emissions and contributing to Egypt’s maritime sustainability goals. Damietta’s Green Ammonia: The second project focuses on green ammonia production in Damietta. This will not only enhance carbon capture but also accelerate Egypt’s transition to a green economy. 1GW Solar with BESS: A Regional First: The crown jewel is a 1GW solar energy project utilizing BESS (battery energy storage) technology. This first-of-its-kind project in Egypt and the largest in the region will be a testament to the nation’s commitment to renewable energy. Partnerships for Progress: The signing ceremony was attended by dignitaries like Norway’s Prime Minister Jonas Gahr Støre and AfDB’s Vice President Kevin Kariuki. In her opening remarks, Minister Al-Mashat emphasized the importance of these partnerships in