Saudi ACWA Power signed a framework agreement that outlines the development of the first phase of the green hydrogen project in Egypt with a capacity of 600 000 t/y of green ammonia, with an investment in excess of $4 billion.
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The framework agreement lays out the development of the first phase of a green ammonia project to be powered by wind and solar plants.
“As a first mover in green hydrogen . . . we commend our partners for their bold step into producing the fuel for the future, for which there will be great demand in Europe and the rest of the world,” says ACWA Power CEO Marco Arcelli.
The agreement was signed between ACWA Power and The Sovereign Fund of Egypt (TSFE), the Suez Canal Economic Zone (SCZone), the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA).
The signing ceremony took place in the presence of Egypt Prime Minister Dr Moustafa Madbouly, Egyptian Electricity Minister Dr Mohamed Shaker, Saudi Arabia's Ambassador to Egypt Osama Bin Ahmed Nugali, TSFE CEO Ayman Soliman, SCZone chairperson Waleid Gamal Eldien, EETC chairperson Sabah Mashaly, NREA chairperson Dr Mohamed El Khayat, Arcelli, ACWA Power CIO Thomas Brostrom, ACWA Power business development-green hydrogen VP Driss Berraho and ACWA Power country director-Egypt Hassan Amin.
This Framework agreement marks the next step in the development of this large-scale Green Hydrogen facility.
The framework agreement lays out the development of the first phase of a green ammonia project with a capacity of 600,000 tonnes-per-year powered by wind and solar plants, with the intention of working on a larger green hydrogen project in the country which could have a capacity of up to two million-tonnes-per-year of green hydrogen.
The project will be capable of producing 1.2 million tonnes of green ammonia per year. The first wind turbines were delivered to the site in October.
On November 27th, the company broke ground on its second green hydrogen project, in Uzbekistan.
The first phase of this project will be capable of producing 3,000 tonnes of green hydrogen per year, with the intention to expand to a second phase.
Once the second phase is complete, 2.4 GW of wind energy will power the production of 500,000 tonnes of green ammonia per year.
The company also signed further agreements during COP28 for green hydrogen projects in Jordan and Indonesia. ■
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