UAE’S Masdar-led consortium to develop green project in Egypt

UAE renewable energy firm Masdar and its partners said on Wednesday they had signed a framework agreement with Egyptian statebacked organisations to develop a 2 gigawatt (GW) green hydrogen production project in the Suez Canal Economic Zone (SCZONE). The consortium, which includes Infinity Power and Hassan Allam Utilities, had signed two memorandums of understating in April with Egyptian entities to develop two green hydrogen production plants in Egypt, one in the SCZONE and the other on the Mediterranean. The agreement was signed on the sidelines of the COP27 climate conference in Egypt.