Egypt to Invest Up to $4 Billion to Generate Green Hydrogen Gas

  • Date: 14-Jun-2021
  • Source: Al Bawaba
  • Sector:Oil & Gas
  • Country:Egypt
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Egypt to Invest Up to $4 Billion to Generate Green Hydrogen Gas

Shaker said that an area of more than 7,000 sq. km has been allocated for renewable energy production projects in Egypt, from which it can produce about 90,000 megawatts (MW).

The Ministry of Electricity and Renewable Energy has set a goal for 42 percent of the total energy produced in Egypt to be sourced from renewables by 2035. By the end of this year, it will have raised the total to 20 percent, a year ahead of schedule.

Egypt is also home to the Benban solar plant, the largest solar power plant in the world, with a total capacity of 1,465 MW.