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)
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