Globeleq planning 3.6 GW green hydrogen project in Egypt


Globeleq has announced today the signing of a Memorandum of Understanding with Egypt’s 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), to jointly develop a large-scale green hydrogen facility within the Suez Canal Economic Zone.

The project will be developed in three phases totalling 3.6 GW of eletrolysers and 9 GW of solar PV and wind power generation. Globeleq will act as lead developer and investor and start with an initial pilot phase relying on a 100 MW electrolyser and focusing on green ammonia fertilizers.

Egypt’s vast solar and wind resources have already attracted global investors into some of the world’s largest green energy projects there, including the Benban Solar Park.

Earlier this year, Scatec had also signed a Memorandum of Understanding with the General Authority for Suez Canal Economic Zone (SCZONE), The Sovereign Fund of Egypt (TSFE), the Egyptian Electricity Transmission Company (EETC), and the New and Renewable Energy Authority (NREA), to jointly develop a green ammonia facility with a production capacity of one million tonnes per year, with a potential for an expansion to three million tonnes annually.

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