Globeleq tables plan for 3.6-GW green hydrogen complex in Egypt
- Africa-focused independent power manufacturer (IPP) Globeleq on Monday unveiled a project that envisages the creation of a 3.6-GW green hydrogen production hub powered by 9 GW of wind as well as solar capacity within the Suez Canal Economic Zone in Egypt.
Under a Memorandum of Recognizing (MoU) with Egyptian authorities, the company aims to develop, build, possess and also run the hydrogen complex, intending to realise the project in a phased manner. The very first among its 3 stages will certainly involve the construction of a pilot electrolyser of 100 MW to produce green ammonia fertilisers.
Various other end-uses of the created green hydrogen, consisting of green fuels, will certainly be considered in the medium and also long term, Globeleq stated. Its utmost objective is to sell the output of the complex to the neighborhood markets and worldwide, beginning with signing off-take agreements with "leading as well as creditworthy Egyptian and global companies."
Globeleq's companions in the initiative will be the New as well as Renewable Energy Authority (NREA), the General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt for Investment as well as Development (TSFE) and also the Egyptian Electricity Transmission Company (EETC).
The Africa-focused company has actually been operating in the Egyptian market because 2003 and also has plans for creating solar, wind, battery storage and also hydrogen projects there. Last year, it got a 66-MWp solar (PV) plant in the African country, located within the Benban solar complex near Aswan.