Masdar-led Consortium Strengthens Partnership to Advance Landmark 4GW Green Hydrogen Program in Egypt

Masdar and its consortium partners, Infinity Power Holding and Hassan Allam Utilities, announced that they have signed a framework agreement with leading Egyptian state-backed organizations on the development of a 2 gigawatt (GW) green hydrogen project in the Suez Canal Economic Zone (SCZONE).

The Masdar-led consortium signed two Memorandums of Understanding (MoUs) in April with Egyptian entities, related to the development of two green hydrogen production plants in the country, one in the SCZONE and the other on the Mediterranean.

The consortium is targeting an electrolyzer capacity of 4 gigawatts (GW) by 2030, and an output of up to 480,000 tonnes of green hydrogen per year.

Agreement was signed on the sidelines of the 2022 United Nations Climate Change Conference (COP27) in the presence of HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Special Envoy for Climate, and Chairman of Masdar, HE Dr Mohamed Shaker El-Markabi, Egypt's Minister of Electricity and Renewable Energy and HE Hala Al-Said, Egypt's Minister of Planning and Economic Development.  HE Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, and HE Mariam Al Kaabi, UAE Ambassador to Egypt were also present.

The signatories were Mohammad Abdelqader El-Ramahi, Director for Asset Management, Technology and Green Hydrogen, at Masdar, Amr Allam, Chief Executive Officer of Hassan Allam Utilities, and Mohamed Ismail Mansour, Chairman of Infinity Power Holding. CEOs from the state-backed organizations also attended the event.

H.E. Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, UAE Special Envoy for Climate, and Chairman of Masdar, said, "Today's announcement serves to strengthen the ties between the United Arab Emirates and the Republic of Egypt and highlights our two nations' commitment to delivering zero-carbon energy solutions. This 4 GW green hydrogen program follows Masdar's announcement last week of a 10-gigawatt wind project in Egypt, also with our partners Hassan Allam Utilities and Infinity Power Holding – both will support Egypt's decarbonization objectives. Through Egypt's hosting of COP27, our two countries have also been able to exchange expertise and share insights that we will take forward and build on in the UAE when we host COP28 next year."