Egypt's private sector carries out $4.4bln renewable energy projects until 2025

The Egyptian government will submit to the parliament the green hydrogen projects’ incentives during the current session

Staff Writer, Arab Finance

October 10, 2023

PHOTO

The renewable energy projects that are currently under development by the private sector in Egypt are worth $4.4 billion, Asharq Business reported, citing the Minister of Electricity and Renewable Energy Mohamed Shaker.

These projects are set to raise the country’s capacity of renewable power to 10,000 megawatts (MW) by the end of 2025, he noted.

The minister added that Egypt is seeking to export up to 5.6 million tons annually of green hydrogen, with the aim of reaching 8% of the global market’s share of hydrogen.

The Egyptian government will submit to the parliament the green hydrogen projects’ incentives during the current session, Shaker said.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.