https://en.sputniknews.africa/20240229/egypt-signs-hydrogen-renewable-energy-agreements-worth-40-billion-cabinet-says-1065313156.html
Egypt Signs Hydrogen, Renewable Energy Agreements Worth $40 Billion, Cabinet Says
Egypt Signs Hydrogen, Renewable Energy Agreements Worth $40 Billion, Cabinet Says
Sputnik Africa
CAIRO (Sputnik) - Egypt is actively developing its energy sector. Thus, at the end of January, Russian corporation Rosatom started the construction of the... 29.02.2024, Sputnik Africa
2024-02-29T08:54+0100
2024-02-29T08:54+0100
2024-02-29T08:54+0100
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Egypt has signed seven agreements worth $40 billion on the development of green hydrogen and renewable energy projects in the Suez Canal Economic Zone, the Egyptian cabinet said on Wednesday.Egypt has been actively working on the development of the Suez Canal Economic Zone over the past 10 years. In particular, work is underway on the modernization of ports. A large number of industrial facilities are being built, in particular, within the renewable energy industry.Cairo aims to increase the use of renewable energy sources to 60% by 2040, Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker said in July 2023.
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egypt, cairo, north africa, renewable energy , energy, economy, suez canal
egypt, cairo, north africa, renewable energy , energy, economy, suez canal
Egypt Signs Hydrogen, Renewable Energy Agreements Worth $40 Billion, Cabinet Says
CAIRO (Sputnik) - Egypt is actively developing its energy sector. Thus, at the end of January, Russian corporation Rosatom started the construction of the fourth unit of the El Dabaa nuclear power plant in the North African country.
Egypt has signed seven agreements worth $40 billion on the development of green hydrogen and renewable
energy projects in the Suez Canal Economic Zone, the Egyptian cabinet said on Wednesday.
"Seven agreements have been signed with international developers on the advancement of projects in green hydrogen and renewable energy in the Suez Canal Economic Zone," the cabinet said in a statement, adding that the investments within the projects would amount to approximately $40 billion over a 10-year period.
Egypt has been actively working on the development of the
Suez Canal Economic Zone over the past 10 years. In particular, work is underway on the modernization of ports. A large number of industrial facilities are being built, in particular, within the renewable energy industry.
Cairo aims to increase the use of renewable energy sources to 60% by 2040, Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker said in July 2023.
