Voltalia, Taqa Arabia focus on cluster combining renewable energy with green hydrogen in Egypt
Voltalia held that their renewable energy facility will have an annual production capacity exceeding 130,000 tons of hydrogen for each of the two phases.
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Renewable energy conglomerate Voltalia and its partner TAQA Arabia have signed a framework agreement during the Egypt-EU Investment Conference 2024 to give new fillip to green hydrogen production in the North African country.
With its partner TAQA Arabia, Voltalia said it would be continuing to develop a cluster combining renewable energy and green hydrogen production.
The framework agreement is a continuation of an MoU signed in December 2022 to develop a cluster combining green hydrogen production with renewable power generation. The project will be implemented in two identical phases, each comprising a 500-megawatt electrolyzer powered by more than 1.3 gigawatt of solar and wind energy.
Voltalia held that this facility will have an annual production capacity exceeding 130,000 tons of hydrogen for each phase. It will be located at a greenfield site near Ain Sokhna port in the Suez Canal Economic Zone.
Sebastien Clerc, CEO of Voltalia said, “Egypt has promising opportunities to enhance its regional leadership in green hydrogen production and export within the country’s plans for green transformation. Voltalia is working hard to support these plans by signing a framework agreement in partnership with TAQA Arabia, which has great experience in the energy sector. This landmark project will contribute significantly to Egypt’s transition to a green sustainable economy. The project will enhance Egypt energy security by becoming less reliant on fossils fuels and achieving sustainable development goals.”
Pakinam Kafafi, CEO of TAQA Arabia, mentioned, “TAQA Arabia is committed to contribute in building the green economy in Egypt, in line with the state’s efforts. This commitment is reflected in a continuation to our operations through strategic partnerships with the most important players in the energy sector. As such, we sign this framework agreement with the French Voltalia, NREA, SCZone, and TSFE.”
