Egypt is planning to invest up to $4 billion in a project to generate green hydrogen gas through water electrolysis, according to the Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker.
The minister pointed out that the project is currently in the feasibility studies stage, in consultation with the Sovereign Fund of Egypt and a group of concerned ministries, and will be presented next week.
Shaker said that an area of more than 7,000 sq. km has been allocated for renewable energy production projects in Egypt, from which it can produce about 90,000 megawatts (MW).
Source: Arab News