In Egypt, Voltalia and TAQA Arabia sign a Memorandum of Understanding to develop a cluster combining renewable energy generation with green hydrogen production
07 Dezember 2022 - 7:15PM
In Egypt, Voltalia and TAQA Arabia sign a Memorandum of
Understanding to develop a cluster combining renewable energy
generation with green hydrogen production
Voltalia (Euronext Paris, ISIN code:
FR0011995588), an international player in renewable
energy, expands in
Egypt.
Voltalia and its partner TAQA Arabia have today
signed a MOU with the Government of Egypt, to develop, finance and
operate a cluster combining green hydrogen production with solar
and wind power generation.
The initial project will include a new green
hydrogen production facility with a capacity of 15,000 tonnes per
year, in a greenfield site near Ain Sokhna port in the Suez Canal
Economic Zone, through a 100-megawatt electrolyser supplied with
283 megawatts of renewable power. The project will be expanded to
150,000 tonnes per year of green hydrogen with an electrolyser
capacity of up to an aggregate of 1 gigawatt supplied by an
aggregate of 2.7 gigawatts of solar and wind power. The land
required by the cluster will be provided by the Egyptian
government.
At the official signing ceremony in Cairo, the
Government of Egypt was represented by Dr Mostafa Madbouly -
Egypt’s Prime Minister, Dr Mohamed Shaker - Minister of Electricity
and Renewable Energy, Dr Hala El Said - Minister of Planning and
Economic Development, Dr Mahmoud Essmat - Minister of Public
enterprise Sector, and Eng Khaled Abu Bakr - Executive Chairman of
TAQA Arabia. The signatories were Mr Ayman Soliman - CEO of the
Sovereign Fund of Egypt (TSFE), Mr Waleid Gamal ElDien - Chairman
of the General Authority for Suez Canal Economic Zone (SCZONE), Mrs
Pakinam Kafafi - CEO of TAQA Arabia, Mr Karim El Ezzawy - Voltalia
Country Manager, Dr Mohamed El-Khayat - Chairman of the New and
Renewable Energy Authority (NREA) and Eng Salah Ezzat - Vice
Chairman of the Egyptian Electricity Transmission Company (EETC).
The initial shareholders of the cluster will be Voltalia, as
majority partner, and TAQA Arabia, a subsidiary of QALAA Holding,
an African leader in energy and Infrastructure. TSFE and EETC will
have the right to become minority shareholders.
Contributing to the Egypt’s constructive vision
to increase the share of renewables in the energy mix, Voltalia is
committed to supporting the country’s goal of a 42% renewable share
of total generation capacity by 2035.
“We are extremely pleased to have signed this
Memorandum of Understanding. Voltalia has been active in Egypt
since 2017 having developed, built and operated its Râ Solar
project within the Benban cluster. This green hydrogen project will
be a first for Voltalia and will allow us to broaden our range of
renewable solutions to clients” said Sébastien Clerc, CEO of
Voltalia.
Next on the agenda:
Q4 2022 revenues
on January 25, 2023 (after market close)
About Voltalia
(www.voltalia.com) |
Voltalia is an international player in the renewable energy sector.
The Group produces and sells electricity generated from wind,
solar, hydraulic, biomass and storage facilities that it owns and
operates. Voltalia has generating capacity in operation and under
construction of more than 2.4 GW and a portfolio of projects under
development representing total capacity of 13.6 GW. Voltalia is
also a service provider and supports its investor clients in
renewable energy projects during all phases, from design to
operation and maintenance. As a pioneer in the corporate market,
Voltalia provides a global offer to private companies, ranging from
the supply of green electricity and energy efficiency services to
the local production of their own electricity. The Group has more
than 1,450 employees and is present in 20 countries on 3 continents
and is able to act worldwide on behalf of its clients. Voltalia is
listed on the regulated market of Euronext Paris, compartment B
(FR0011995588 – VLTSA) and is part of the Enternext Tech 40 and CAC
Mid & Small indices. The Group is also included in the
Gaïa-Index, an index for socially responsible midcaps. |
Loan Duong, Head of Communications & Investor relationsEmail:
invest@voltalia.comT. +33 (0)1 81 70 37 00 |
ActifinPress Contact: Loris DaougabelEmail:
ldaougabel@actifin.fr . T. +33 (0)1 56
88 11 16 |
- In Egypt, Voltalia and TAQA Arabia sign a Memorandum of
Understanding to develop a cluster combining renewable energy
generation with green hydrogen production
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