According to a story in Arab News citing Egypt’s Minister of Electricity and Renewable Energy Mohamed Shaker, Egypt plans to invest up to $4 billion in a project to manufacture green hydrogen using electrolysis.
The initiative is now in the feasibility studies stage, and will be presented next week in cooperation with Egypt’s Sovereign Fund and a number of involved ministries.
According to Shaker, Egypt has set aside more than 7,000 square kilometers for renewable energy production projects, with a capacity of 90,000 megawatts (MW).
By 2035, the Ministry of Electricity and Renewable Energy intends renewables to provide 42 percent of Egypt’s energy.
