Egypt and Germany Strengthen Bilateral Cooperation with €30m Green Hydrogen Project Grant Agreement
Key Ideas
  • Egypt and Germany signed a €30m grant agreement for a green hydrogen project, aiming to support Egypt's transition to a more sustainable economy.
  • The PTX Green Hydrogen Facility, a German initiative, will fund the project to develop green hydrogen in Egypt and beyond.
  • Both countries discussed joint projects in renewable energy, energy efficiency, electricity transmission, and smart grid development to enhance Egypt's energy goals.
  • The article highlights the strong economic cooperation between Egypt and Germany, with a current portfolio of €707.7m supporting various projects.
Egypt and Germany have furthered their bilateral cooperation with the signing of a €30m grant agreement for a green hydrogen project. The agreement, inked during a meeting between Egyptian Minister Rania Al-Mashat and German State Secretary Jochen Flasbarth, aims to support Egypt's shift towards a more sustainable economy. Funded by the PTX Green Hydrogen Facility, the project will assist in developing green hydrogen not only in Egypt but also in other countries. Talks also included preparations for upcoming governmental negotiations focused on identifying priority cooperation projects. Minister Al-Mashat highlighted the enduring relationship between the two countries, with a current economic cooperation portfolio of €707.7m, backing projects in urban development, agriculture, renewable energy, and energy efficiency. The discussion also touched on the successful Egyptian-German debt swap program financing development projects. The sentiment in the article is positive, emphasizing effective cooperation in renewable energy and energy efficiency, further supported by the German government's commitment to provide €258m for Egypt's energy transition. Overall, the collaboration aims to enhance Egypt's renewable energy goals and improve energy efficiency through various joint projects.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.