Masdar-led consortium strengthens partnership to advance landmark 4 GW green hydrogen program in Egypt

Masdar-led consortium strengthens partnership to advance landmark 4 GW green hydrogen program in Egypt

- First plant scheduled to be operational by 2026; consortium targeting capacity of 4 GW by 2030, and an output of up to 480,000 tons of green hydrogen per year

- Agreement highlights UAE’s support for Egypt’s clean energy objectives; follows Masdar’s historic announcement of 10 GW wind project in country

Abu Dhabi, United Arab Emirates: Masdar, the UAE’s flagship clean energy company, and its consortium partners, Infinity Power Holding and Hassan Allam Utilities, announced that they have signed a framework agreement with leading Egyptian state-backed organizations on the development of a 2 gigawatt (GW) green hydrogen project in the Suez Canal Economic Zone (SCZONE).

The Masdar-led consortium signed two Memorandums of Understanding (MoUs) in April with Egyptian entities, related to the development of two green hydrogen production plants in the country, one in the SCZONE and the other on the Mediterranean. The consortium is targeting an electrolyzer capacity of 4 gigawatts (GW) by 2030, and an output of up to 480,000 tonnes of green hydrogen per year.

Yesterday’s agreement was signed on the sidelines of the 2022 United Nations Climate Change Conference (COP27) in the presence of HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Special Envoy for Climate,