No country will be able to slash greenhouse gas emissions and meet its nationally determined contributions without decarbonizing its industries.
Project is a major step in Morocco’s National Office of Electricity and Drinking Water (ONEE) and Nareva’s plans to generate carbon-free electricity using green hydrogen as a viable alternative to heavy fuel oils
South Africa could play an important role as a secure producer of green hydrogen in the coming years. However, there are currently challenges in storing and distributing the raw material.
Egypt’s House of Representatives approved on Tuesday a drafted law presented by the government offering a string of incentives to promote the production of green hydrogen projects.
SDG Namibia One Fund, Namibia’s dedicated green hydrogen blended finance vehicle and the designated funding partner to Government of Namibia’s green hydrogen initiatives (the “Fund” or “SDG Namibia One”), and Hyphen Hydrogen Energy (“Hyphen”) have concluded a share subscription agreement, following which the Fund will take up a 24% stake in the country’s landmark Hyphen green hydrogen project (the “Project”). The Fund’s equity subscription will be backed by an initial EUR 23 million development funding to the Project.
New Capital – Cairo – Egypt– Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed the framework agreement, following the MoU that was signed in 7th of December 2022 to outline the development of the first phase of the green hydrogen project in Egypt with a capacity of 600,000 tonnes-per-year of green ammonia, with an investment in excess of USD 4bn, with the intention of scaling up to a second phase with a potential capacity of 2 million tonnes-per-year.
CWP Global, a leading developer globally of massive-scale renewable energy and green hydrogen projects, is pleased to join the Government of the Republic of Djibouti in welcoming yesterday’s signing of landmark agreement to forge ahead with a new 10GW renewable energy and green hydrogen hub, located strategically on the Horn of Africa.
In a bid to become a hub for green hydrogen investment, Egypt has introduced a suite of tax incentives, as announced by the country’s Finance Minister Mohammed Maait at a recent investment summit in Istanbul.
The Economic Zone of the Suez Canal (ZCZONE) has signed a $15.6 billion agreement with a group of Chinese companies to boost green fuel manufacturing initiatives, reports Middle East media.
WINDHOEK– Namibia began construction on Monday of Africa’s first decarbonised iron plant, to be powered exclusively by green hydrogen, the country’s investment promotion body said.
