Egypt’s COP27 unlocks the rise of green hydrogen mega-project development

Egypt’s COP27 unlocks the rise of green hydrogen mega-project development

- The project will generate 80,000 tons per year of green hydrogen and derivative in the Suez Canal Zone

- Over 2 GW of renewable energies will be deployed to power 700 MW electrolyser and ammonia synthesis plants with clean electricity

- The first phase is to be operational in 2026 and the ultimate project capacity is to be reached by 2030

Sharm El-Sheikh, EGYPT: At the COP27, the “Green Fuel Alliance” consortium led by EDF Renewables, a leading player of renewable energy, and Zero Waste, a leading company specialized in developing projects in the Egyptian fertilizer, oil & gas, power generation and cement industries has signed a Framework Agreement with the Ministry of Electricity, the General Authority for Suez Canal Economic Zone (SCZONE) and the Infrastructure and Utilities Sub Fund of The Sovereign Fund of Egypt (TSFE) for the development of a green hydrogen and derivatives mega-project to be located at the Suez Canal Economic Zone.

The Framework Agreement was signed during the COP27 in Sharm El-Sheikh as part of Egypt’s Green Hydrogen Strategy. The overall project is based on a mix of over 2 GW wind and solar renewable energies to be implemented in phases and aiming to power 700 MW electrolyser