TAQA Arabia, Egypt’s energy and utility provider, in partnership with Voltalia, a global renewable energy company, signed a $3.4 billion framework agreement during the Egypt-EU Investment Conference in Cairo. The agreement aims to develop a green hydrogen project, combining production facilities with renewable energy sources. This initiative aligns with Egypt's commitment to the green economy and sustainable development. The project will consist of two phases, each featuring a 500 MW electrolyzer powered by solar and wind energy. Located near Ain Sokhna port in the Suez Canal Economic Zone, the facility is expected to produce over 350,000 tons of hydrogen annually per phase, contributing to Egypt's energy security and reducing reliance on fossil fuels. Key officials, including Egypt's Prime Minister and Ministers of Electricity, Renewable Energy, and Planning, attended the signing ceremony, emphasizing the project's strategic importance. The partnership between TAQA Arabia and Voltalia reflects a collective effort to advance Egypt's green transformation and economic growth. Voltalia's CEO highlighted Egypt's potential in green hydrogen production and export, underscoring the project's role in driving sustainable development. The agreement symbolizes a milestone in Egypt's investment in green technologies, supported by the European Union. Overall, the agreement signifies a positive step towards achieving environmental goals, fostering economic cooperation, and enhancing Egypt's position in the renewable energy sector.