Voltalia, in partnership with TAQA Arabia has inked a framework agreement at the Egypt-EU Investment Conference 2024, which took place on June 29 and 30 in Cairo.
Following a MoU signed in December 2022, the agreement aims to develop a cluster that integrates renewable energy and green hydrogen production.
Furthermore, the project will be carried out in two identical phases, with each phase incorporating a 500 MW electrolyzer powered by more than 1.3 GW of solar and wind energy.
Each phase will produce more than 130,000 tons of hydrogen annually. The facility will be located on a greenfield site near the Ain Sokhna port in the Suez Canal Economic Zone.
