Dr. Mostafa Madboul,Egyptian Prime
Minister approved the adoption of the Supreme Council of Energy, the national strategy for low-carbon hydrogen
The Prime Minister stressed the importance of the role of the Supreme Council of Energy in following up the implementation of Egypt’s plan to reach the contribution of renewable energy in the electrical energy mix to more than 42% by 2030, in addition to issuing approvals for the establishment of green hydrogen and its derivatives projects and granting them the necessary incentives.
This strategy is based on the gradual expansion of the local use of low-carbon hydrogen, while increasing the production capacities of hydrogen and its derivatives, leading to the use of low-carbon hydrogen in all sectors, especially industry and transportation, and increasing the market share of exports to global markets.
Dr. Shaker reviewed the executive position of renewable energy projects, whether already under construction or in the future, with a total capacity of 70.75 gigawatts, explaining that among them are projects under construction with a total capacity of 1700 megawatts, which have been fully contracted, issued with the government guarantee, financial closure, and are being implemented, including the project of AMEA Power with a capacity of 500 MW of solar energy, and 500 MW of wind energy, in addition to projects with a total capacity of 1800 MW, for which the approvals of the Council of Ministers and the government guarantee have been issued.
Contracts are being signed, including ACWA Power Wind Power, with additional capacity of 1650 MW for some of the ongoing projects, which have completed the financial close and have been approved by the Council the 1000 MW AMEA Power solar energy 500 MW for wind energy and the Orascom Construction PLC Toyota Tsusho Group ENGIE consortium with a capacity of 150 MW of wind energy
Shaker noted the status of large-capacity projects 28 GW wind energy for which MOU and non-binding agreements have been signed land to Masdar (Abu Dhabi Future Energy Company) Infinity Power Hassan Allam Holding consortium project with a capacity of 10 GW of wind energy, and the Scatec ASA project with a capacity of 5 GW wind energy.
A total capacity of 25.8 GW of solar and wind energy, the TotalEnergies project with a capacity of 7 GW wind 3 GW solar project and the project of Benchmark with a capacity of 3 GW of wind energy.
He pointed to the position of the Scatec ASA project to implement a solar energy project with a capacity of 1000 MW coupled with a 100/200 MWh BESS system the first phase with a capacity of 500 MW by mid-2025, and enter the second phase of it with a capacity of 500 MW.
Land available can produce capacities of up to 647 GW of solar energy
Electricity Minister noted the green corridor to ensure that green hydrogen can be produced using 100% Green Electricity
