Egypt and Norway Explore Investment Opportunities in Renewable Energy Sector
Key Ideas
  • Egyptian Minister and Norwegian Ambassador discuss boosting Norwegian investments in Egypt's renewable energy sectors.
  • Focus on cooperation in industrial and transport sectors, including maritime transport and renewable energy.
  • Potential collaboration with Norwegian firm Scatec in renewable and clean energy, such as green hydrogen and solar and wind energies.
  • Efforts to localize manufacturing of clean energy production requirements like green hydrogen and related equipment in Egypt.
The Egyptian Minister of Industry and Transport, Kamel El Wazir, and the Norwegian Ambassador to Egypt, Hilde Klemetsdal, have engaged in discussions to enhance Norwegian investments in Egypt's new and renewable energy sectors. During their meeting, El Wazir emphasized Egypt's keenness to strengthen cooperation with Norway, particularly in industrial and transport areas, focusing on maritime transport and renewable energy. Klemetsdal expressed the Norwegian government and companies' interest in investing in Egypt's renewable energy fields in the near future. The parties also explored potential collaboration with the Norwegian firm Scatec in areas like green hydrogen, as well as solar and wind energies. These initiatives aim to support ongoing projects and localize the manufacturing of clean energy production requirements in Egypt, including green hydrogen, methanol, and green ammonia production plants. Additionally, the plan involves the production of solar panels, water desalination equipment, electrolizers for hydrogen generation, and wind turbines within Egypt. This partnership signifies a positive step towards advancing renewable energy solutions in Egypt and fostering collaboration between the two nations.
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