TAQA Arabia and Voltalia sign agreement

Voltalia, an international renewable energy player, and its partner TAQA Arabia signed a framework agreement at the Egypt-EU Investment Conference 2024 in Cairo. According to the company, this agreement continues a Memorandum of Understanding (MoU) from December 2022 to develop a renewable energy and green hydrogen production cluster. The project, located near Ain Sokhna port in the Suez Canal Economic Zone, will be implemented in two phases. Each phase includes a 500 MW electrolyzer powered by over 1.3 GW of solar and wind energy, producing more than 350,000 tons of hydrogen annually.