Scatec ASA, in partnership with Fertiglobe, Orascom Construction, The Sovereign Fund of Egypt, and the Egyptian Electricity Transmission Company, has achieved a significant milestone in its Egypt Green Hydrogen project based in Ain Sokhna. The project secured a green ammonia offtake agreement through the first-ever H2Global auction, with Fertiglobe as the winning bidder. This milestone was marked by the signing of a 20-year ammonia offtake agreement at the Egypt-EU Investment Conference. The project involves the development of a 100 MW electrolyser facility to produce renewable hydrogen for the production of renewable ammonia at Fertiglobe's plant, powered by solar and wind energy. Scatec ASA, the lead developer, aims to establish Egypt as a regional green hydrogen hub and is supported by international financial institutions for project financing. The project's location in Egypt's SCZONE highlights the country's ambition to become a major player in green hydrogen production. Stakeholders, including leaders from various institutions and financial backers, emphasize the importance of this project in driving sustainable development, decarbonization, and the adoption of green technologies in Egypt and the wider African region.