Japan-Egypt Collaboration: Advancing Renewable Energy Localization and Green Technology
Key Ideas
- Egypt aims to incorporate 30 gigawatts of new renewable energy capacities, with a focus on localization of green energy technology.
- Japanese companies are showing keen interest in investing in Egypt's renewable energy sector, with plans for infrastructure development.
- Efforts include reshaping laws to attract green hydrogen projects, with the launch of a national strategy for low-carbon hydrogen.
- The Japan Bank for International Cooperation plans to provide financing for green ammonia and green hydrogen projects in Egypt.
The CEO of GAFI, Hossam Haiba, engaged in discussions with a Japanese delegation on advancing renewable energy localization in Egypt. The government aims to incorporate 30 gigawatts of new renewable energy capacities, with a focus on domesticating technology for solar and wind power. Efforts extend to industrial and commercial advancement, including manufacturing components for power plants. The legislative landscape is being reshaped to attract green hydrogen projects, supported by a new law and national strategy. Japanese companies, including Sojitz Egypt, are keen on investing in Egypt's renewable energy sector, with plans to bolster infrastructure. The Japan Bank for International Cooperation in the Middle East region is dedicated to financing green ammonia and green hydrogen projects in Egypt, showing a positive sentiment towards collaboration and development.
Topics
Investing
Renewable Energy
Infrastructure
Investment
Finance
Collaboration
Legislation
Industrial Development
Localization
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