- Voltalia will produce energy from green hydrogen in partnership with Taqa Arabia, a company based in Cairo, Egypt.
- This is the third French company to announce investments in green hydrogen in Egypt.
The Paris, France-based company, Voltalia will produce energy from green hydrogen in partnership with Taqa Arabia, a company based in Cairo, Egypt. The two companies have just signed a related agreement with the General Authority of the Suez Canal Economic Zone (Sczone), the Sovereign Fund of Egypt (TSFE) and the Egyptian Electricity Transmission Company (EETC).
Voltalia and Taqa have secured land to install electrolysers at Ain Sokhna in the Suez Canal Economic Zone. Initially, the electrolysis capacity will be 100 MW, representing the production of 15,000 tonnes of hydrogen per year. The electrolysis capacity will rapidly increase to 1 GW, fed by 2.7 GW of electricity. The two companies will then be able to produce 150,000 tonnes of hydrogen per year. The hydrogen will be produced with electricity from solar and wind farms.
Voltalia’s Managing Director, Sébastien Clerc, said “Voltalia has been active in Egypt since 2017 after developing, building and operating its Ra Solar project at the Benban complex. This green hydrogen project will be a first for Voltalia and will allow us to expand the range of renewable solutions offered to our customers”. This is the third French company to announce investments in green hydrogen in Egypt. Total Eren, the subsidiary of the oil company TotalEnergies, has chosen Enara Capital, an investment platform based in Cairo, to produce 1.5 million tonnes of hydrogen per year in the Suez Canal Economic Zone.