ACWA Power's USD 4 Billion Green Hydrogen Project in Egypt: A Renewable Energy Milestone
Key Ideas
- ACWA Power plans to invest USD 4 billion in a green hydrogen project in Egypt, aiming to produce 600,000 tonnes of green ammonia annually.
- The project's first phase is scheduled for completion by the end of 2028, with plans for future expansions to increase production capacity to 2 million tonnes per year.
- Renewable energy from the East Nile region will power the green hydrogen plant, aligning with Egypt's national strategy for clean energy production.
- ACWA Power's commitment to renewable energy development in Egypt includes managing projects valued at over USD 10 billion, supporting the country's environmental goals.
ACWA Power, a Saudi Arabian company, is set to complete the first phase of a significant green hydrogen project in Egypt by 2028, with an investment of USD 4 billion. The project aims to produce 600,000 tonnes of green ammonia annually, with plans for future expansions to increase capacity. The renewable energy required for the plant will be sourced locally, enhancing sustainability and supporting Egypt's environmental objectives. ACWA Power's broader renewable energy portfolio in Egypt includes projects totaling over USD 10 billion, with a focus on clean energy production. The green hydrogen project aligns with Egypt's goal to become a regional clean energy hub and reflects ACWA Power's commitment to expanding renewable energy initiatives globally.
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Middle East
Renewable Energy
Clean Energy
Sustainability
Investment
Project Development
Energy Production
Regional Hub
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