The Egyptian government has made a significant commitment to the development of green hydrogen and renewable energy in the country. At a meeting held in the New Administrative Capital, the Cabinet authorized the allocation of 141,075 feddans of state-owned land in the Matrouh Governorate for renewable energy projects. This land will be made available to investors through the usufruct scheme, which is administered by the New and Renewable Energy Authority (NREA).
In addition to this land allocation, the Cabinet also approved the allocation of 303.3 hectares in Matrouh for the construction of green hydrogen and green ammonia production facilities. This decision is in line with the government’s goal of establishing Egypt as a major exporter of green energy in the region.
The Cabinet also made a number of land parcels available for wind projects in the southern governorates of Aswan and Sohag. These projects will help to diversify Egypt’s energy mix and reduce the country’s reliance on fossil fuels.
The development of green hydrogen and renewable energy projects in Egypt is expected to create numerous economic and environmental benefits for the country. Green hydrogen, which is produced through the electrolysis of water using renewable electricity, has the potential to play a significant role in the decarbonization of various sectors, including transportation, industry, and power generation.
Investment in renewable energy and green hydrogen projects in Egypt could also create new job opportunities and stimulate economic growth. It could also help to reduce the country’s carbon emissions and improve air quality, which would have positive health and environmental impacts.
The Egyptian government’s commitment to the development of green hydrogen and renewable energy is an important step in the transition to a low-carbon future. It is hoped that this commitment will encourage other countries in the region to follow suit and make similar investments in clean energy technologies.
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Overall, the allocation of land for green hydrogen and renewable energy projects in Egypt is a positive development that will help to position the country as a leader in the transition to a low-carbon, sustainable future. It is an exciting time for the country as it looks to tap into the potential of these technologies and drive economic and environmental benefits for its citizens.
