Globeleq signs up to green hydrogen plan in Egypt
Globeleq signs up to green hydrogen plan in Egypt
Globeleq has expressed its interest in producing green hydrogen in the Suez Canal Economic Zone.
The company signed a memorandum of understanding (MoU) with the New and Renewable Energy Authority (NREA), the General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt for Investment and Development (TSFE), and the Egyptian Electricity Transmission Company (EETC).
The project would take place in three phases. Ultimately, it would involve 3.6 GW of electrolysers and around 9 GW of solar photovoltaic (PV) and wind generation.
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