NREA

AMEA Power Completes US$1.1 Billion Deal to Deploy 1GW of Wind and Solar Energy in Egypt

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Wednesday, November 30, 2022
Alternative Energy, Energy, Environment, Nippon Export and Investment Insurance, Growth, FMO, JBIC, Sumitomo Mitsui Banking Corporation, World Bank Group, Environment, NREA, 2018 United Nations Climate Change Conference, COP27, Framework, Horn, Conference, Power purchase agreement, Multimedia, Project, Wind, Climate change, Korea International Cooperation Agency, Partnership, NEXI, Electricity, International Finance Corporation, Sumitomo Corporation, US, Professional, Investment, EETC, Uganda Electricity Transmission Company Limited, Japan Bank for International Cooperation, Framework agreement, Multilateralism, Japan International Cooperation Agency, Area studies, Red Sea Governorate, JICA, Sumitomo Mitsui Trust Holdings, Standard Chartered, Renewable energy

AMEA Power, one of the fastest growing renewable energy companies in the Middle East, announced today that it has achieved the financial close to deliver 1GW of renewable energy projects in Egypt.

Key Points: 
  • AMEA Power, one of the fastest growing renewable energy companies in the Middle East, announced today that it has achieved the financial close to deliver 1GW of renewable energy projects in Egypt.
  • (Photo: AETOSWire)
    AMEA Power will develop, own and operate the 500MW solar PV plant, which will be located in the Aswan governorate of Egypt.
  • Hussain Al Nowais, Chairman of AMEA Power, said: These landmark projects reflect the long-term commitment, ambition and growth of AMEA Power.
  • AMEA Power is rapidly expanding its investments in wind, solar, energy storage and green hydrogen, demonstrating its long term commitment to the global energy transition.

GLOBELEQ SIGNS GREEN HYDROGEN FRAMEWORK AGREEMENT WITH GOVERNMENT OF EGYPT AT COP27

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Monday, November 21, 2022
Hydrogen, Benban Solar Park, Seawater, Conference, ARC, Climate change, EETC, Framework, Uganda Electricity Transmission Company Limited, Partnership, Resource management, Multilateralism, Renewable energy, Economic development, Economy, Trade and Investment Framework Agreement, Ministry of Finance, Planning and Economic Development (Uganda), Electricity Generating Authority of Thailand, NREA, Investment, COP27, Private sector, OBE, Wind, Suez Canal, Investment and Development Agency of Latvia, Ministry of Electricity and Renewable Energy (Egypt), African, EL, Sovereign Fund of Brazil, General authority, Conference of the Parties, Canal, Petroleum, Electricity

Globeleq, as lead developer and investor, will develop, finance, build, own and operate the green hydrogen project.

Key Points: 
  • Globeleq, as lead developer and investor, will develop, finance, build, own and operate the green hydrogen project.
  • Other potential end-uses of green hydrogen, including green fuels, will be considered in the medium and longer term, once they become commercially feasible.
  • Globeleq aims to support the country's ambitious strategy to tackle climate change by developing new solar PV, wind, battery energy storage, seawater desalination and green hydrogen projects in Egypt.
  • The Government of Egypt has an ambitious energy transition plan, and active steps are being taken to make SCZONE a major hub for green hydrogen.

Masdar-led consortium strengthens partnership to advance landmark 4 GW green hydrogen program in Egypt

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Wednesday, November 16, 2022
Hydrogen, Conference, Republic, EETC, ADNOC, Abu Dhabi National Oil Company, Uganda Electricity Transmission Company Limited, TAQA, Carbon, Economic development, United Nations Climate Change conference, United Arab Emirates, US, Farm, NREA, Natural Resources, COP27, Climate, Program, Technology, Wind, Asset management, International trade, CEO, GDP, Infinity Power Chutes, HE, Gross domestic product, Ministry of Electricity and Renewable Energy (Egypt), Microsoft, Mubadala Investment Company, ABU, 2016 United Nations Climate Change Conference, Sovereign Fund of Brazil, Renewable energy, Coal, Industry, Masdar, Electricity, Mediterranean Sea

The consortium is targeting an electrolyzer capacity of 4 gigawatts (GW) by 2030, and an output of up to 480,000 tonnes of green hydrogen per year.

Key Points: 
  • The consortium is targeting an electrolyzer capacity of 4 gigawatts (GW) by 2030, and an output of up to 480,000 tonnes of green hydrogen per year.
  • This 4 GW green hydrogen program follows Masdar's announcement last week of a 10-gigawatt wind project in Egypt, also with our partners Hassan Allam Utilities and Infinity Power Holding both will support Egypt's decarbonization objectives.
  • We are proud to contribute to the development of green hydrogen production facilities in Egypt while leveraging the country's abundant natural resources."
  • The agreement sets out the key terms and conditions for the green hydrogen development program with a focus on the first phase of the program.

Alfanar Consolidates Its Leading Position in Energy Transition by Developing a Project for Green Hydrogen Production

Retrieved on: 
Thursday, September 1, 2022
Environment, Environmental Policy, Sustainability, Alternative Energy, Green Technology, Energy, Ministry of Electricity and Renewable Energy (Egypt), General authority, Program, Carbon, Uganda Electricity Transmission Company Limited, Investment, Board, Benban Solar Park, Sovereign Fund of Brazil, Multimedia, Organization, New, NREA, Memorandum of understanding, Economic development, EETC, Wind, Renewable energy, Ain Sokhna, Electricity

The $3.5 billion project will use renewable energy sources and produce 500,000 tons of green ammonia from 100,000 tons of green hydrogen per year.

Key Points: 
  • The $3.5 billion project will use renewable energy sources and produce 500,000 tons of green ammonia from 100,000 tons of green hydrogen per year.
  • Through this agreement, we will be developing a project to produce green hydrogen and green ammonia.
  • Alfanar has enjoyed a strong presence in Egypt for many years through its design and energy industry as well as renewable energy development projects.
  • Today, Alfanar is a prominent global player in energy transition and green fuel with ambitious renewable energy projects across Saudi Arabia, United Kingdom, Spain, India, and Egypt.