HELD UNDER THE PATRONAGE OF HIS EXCELLENCY ABDEL FATTAH EL SISI, PRESIDENT OF THE ARAB REPUBLIC OF EGYPT

19 - 21 February 2024

Egypt International Exhibition Center

19 - 21 February 2024

Egypt International Exhibition Center

DRIVING ENERGY TRANSITION, SECURITY AND DECARBONISATION

Egypt's private sector to drive $4.4bln renewable energy projects until 2025

The Egyptian government will submit to the parliament the green hydrogen projects’ incentives during the current session

Tuesday, 10 October 2023

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The renewable energy projects that are currently under development by the private sector in Egypt are worth $4.4 billion, Asharq Business reported, citing the Minister of Electricity and Renewable Energy Mohamed Shaker. These projects are set to raise the country’s capacity of renewable power to 10,000 megawatts (MW) by the end of 2025, he noted.

The minister added that Egypt is seeking to export up to 5.6 million tons annually of green hydrogen, with the aim of reaching 8% of the global market’s share of hydrogen. The Egyptian government will submit to the parliament the green hydrogen projects’ incentives during the current session, Shaker said.

 

Source