The Egyptian government has pledged a $4 billion investment in the generation of green hydrogen. Its initiative, which is still in the planning stages, is being carried out in collaboration with the German conglomerate Siemens.
Egypt has emerged as one of the African continent’s foremost producers of renewable energy. Cairo established a goal of producing 42 percent of its power from renewable sources by 2035 and 20 percent by 2022 a few years ago.
Green hydrogen could boost Egypt’s energy ambitions. As well as independent power producers (IPPs) developing wind and solar projects in the land of the pharaohs, six international companies have already made proposals to the authorities for green hydrogen projects. These companies, based in the UK, US, Germany, Japan, Italy and China, plan to produce hydrogen from solar and wind energy. Cairo intends to speed up the implementation of these solutions over the next three years.