Egypt has downscaled its renewable energy target for 2040 – from 58% to 40%, underscoring that natural gas will remain a key part of the country’s energy mix for years. Green hydrogen: Egypt secures grant to develop major projectFocus on green hydrogen hubEgypt also seeks to become a global green hydrogen centre, with the Suez Canal Economic Zone already securing about $431 million contract to export green fuel to Europe. At the Singapore International Energy Week on Monday (21 October) Dr Ahmed Mohina, Egypt’s First Undersecretary of Strategic Planning, Ministry of Electricity and Renewable Energy, said the country is making strides in its green hydrogen ambitions. Gas projects’ growth in Africa in a changing energy landscapeMultiple renewable energy projects launchedMeanwhile, the United Nations Industrial Development Organisation (UNIDO) has launched 23 renewable energy projects in Egypt, valued at $58m, aimed at promoting energy efficiency and green initiatives. The projects focus on renewable energy, wastewater treatment and desalination, with the Egyptian government keen on boosting local manufacturing and attracting foreign investments in these sectors.

Source: The North Africa Journal October 22, 2024 15:02 UTC