The built-up area surrounding the Tonino Lamborghini International Convention Center, the location of COP27 in Sharm El Sheikh, Egypt. (Photo by Nour Ghantous)
A green hydrogen plant is planned for the Suez Canal, following a 15 November 2022 framework agreement signed by ReNew Power, India’s largest renewables company, and the Egyptian government. A final investment decision for the $8bn project is expected over the next 12–16 months. The project aims to produce 20,000 tonnes (t) of green hydrogen in a pilot phase starting from 2026, with a view to eventually scaling this up to 200,000t per year.
ReNew Power has partnered with Elsewedy, an integrated energy solutions provider based in the Middle East and Africa, which will act as the local co-developer for the…