The recent United Nations (UN) COP27 climate conference in Egypt was an occasion to reveal several announcements of large-scale renewable energy projects.
Those projects include one of the world’s largest wind farms, along with an agreement for the development of a renewable hydrogen industry across Egypt and the European Union (EU). India.
However, Egyptian officials pledged to implement what they called a “long-term low-emission development strategy,” in the frame of an initiative that reiterated a plan announced last year to develop a green hydrogen ecosystem.
The program is designed to lower carbon emissions from hard-to-abate industrial sectors such as steel and fertilizer production, and refining, and also supports other climate goals.
Among the new projects in Egypt is a wind farm that would produce nearly 48 TWh of power annually and replace $5 billion of natural gas. The owning company already has signed agreements to support the construction of as much as 4 GW of green hydrogen production plants in the Suez Canal Economic Zone and along the coast of the Mediterranean.