Voltalia SA announced on Monday the signing of a framework agreement with Taqa Arabia, the Egyptian subsidiary of Abu Dhabi National Energy Company PJSC (TAQA), to advance a pioneering project in Egypt.
This initiative, unveiled during the Egypt-EU Investment Conference 2024, builds upon a Memorandum of Understanding (MoU) established in late 2022, outlining plans for collaborative development in green hydrogen and renewable energy.
According to Voltalia's statement, the project will be situated on a greenfield site near Ain Sokhna port within the Suez Canal Economic Zone. The ambitious complex will feature two phases of electrolysis capacity, each generating 500 megawatts (MW).
Combined, these phases are projected to produce over 350,000 tonnes of green hydrogen annually, powered by more than 1.3 gigawatts (GW) of solar and wind parks.
“The project will enhance Egypt's energy security by becoming less reliant on fossil fuels and achieving sustainable development goals,” stated Sebastien Clerc, CEO of Voltalia.
