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.
TAQA Arabia and Voltalia sign agreement
Located near Ain Sokhna port, the project will be implemented in two phases within the Suez Canal Economic Zone. (Image Credit: Pexels)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)