UAE’s Masdar-led consortium to develop 4 GW green hydrogen project in Egypt

UAE’s Masdar-led consortium to develop 4 GW green hydrogen project in Egypt

Masdar, the UAE’s flagship clean energy company, and its consortium partners, Infinity Power Holding and Hassan Allam Utilities, have signed a framework agreement with leading Egyptian state-backed organizations on the development of a 4 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 tons of green hydrogen per year.

As per the agreement, the consortium will enter into a binding framework agreement with the SCZONE, the Egyptian New and Renewable Energy Authority (NREA), Egyptian Electricity Transmission Company (EETC), and The Sovereign Fund of Egypt (TSFE). The agreement sets out the key terms and conditions for the green hydrogen development program with a focus on the first phase of the program.

Sultan bin Ahmed Al Jaber

UAE Minister of Industry & Advanced Technology

Chairman – Masdar “Today’s announcement serves to strengthen the ties between the United Arab Emirates and the Republic of Egypt and highlights our