Scatec ASA's Egypt Green Hydrogen project, in partnership with Fertiglobe, Orascom Construction, The Sovereign Fund of Egypt, and the Egyptian Electricity Transmission Company, has reached a significant milestone with the securing of a green ammonia offtake agreement in Germany through the H2Global auction. Fertiglobe and Egypt Green Hydrogen have signed a 20-year ammonia offtake agreement at the Egypt-EU Investment Conference. Scatec, the lead developer, will provide EPC services and operate the project in collaboration with key partners. The project aims to select an electrolyser supplier and finalize project financing with support from renowned institutions. The project is highlighted for its potential in green hydrogen and ammonia production in Egypt due to the country's renewable energy sources and strategic location. Stakeholders, including Scatec CEO Terje Pilskog, emphasize the project's importance in establishing Egypt as a regional green hydrogen hub. Various leaders from Fertiglobe, European Investment Bank, EBRD, DEG, BII, and SCZONE, among others, express their commitment to sustainable ammonia production, renewable hydrogen, and green transformation in Egypt. The partnerships and agreements signify a step towards a more sustainable and environmentally friendly future for Egypt and the African continent.