Voltalia Signs Agreement for 2.5GW Green Hydrogen Project in Egypt
Key Ideas
- French company Voltalia signed a framework agreement to develop 2.5GW of solar PV and wind capacity in Egypt for green hydrogen production.
- The project includes two phases with a total of 1.3GW of solar PV and wind generation capacity to power 500MW hydrogen electrolysers.
- The CEO of Voltalia stated that the project will boost Egypt's green transformation and energy security while aligning with sustainable development goals.
- The EU-Egypt Investment Conference highlighted green hydrogen production, with EU firms potentially striking deals worth over €40 billion in Egypt.
French renewable energy company Voltalia has signed a framework agreement with Egyptian engineering company Taqa Arabia to develop over 2.5GW of solar PV and wind capacity in Egypt for green hydrogen production. The project, developed in two phases, will include 1.3GW of solar PV and wind generation capacity to power 500MW hydrogen electrolysers in the Suez Canal Economic Zone. Voltalia's CEO emphasized Egypt's potential for green hydrogen production and export, contributing to the country's green sustainable economy and energy security goals. The EU-Egypt Investment Conference highlighted the importance of green hydrogen, with EU firms potentially committing over €40 billion to projects in Egypt. Voltalia's expansion into North Africa, including a 130MW PV project in Tunisia, reflects the region's growing strategic importance for European energy players.