Cop27 provided a showcase for Egypt’s hydrogen plans
Cairo shows the world its hydrogen ambitions
Egypt used its role as Cop27 host to showcase its ambitions to become a leading supplier and to court green hydrogen investment
Hosting Cop27 at a time when clean energy development is becoming central to its domestic economic strategy was a stroke of good fortune for Egypt. And it exploited the opportunity to the full. The government firmed up eight provisional deals with foreign investors to develop green hydrogen production facilities and set out a strategy to become a leading supplier of the energy carrier. The broad contours of Cairo’s green hydrogen strategy have been gradually emerging over the past two years. The North African country boasts bountiful resources of sun, wind and spare land, and a massive carbon-intensive fertiliser industry requiring abatement. It also has proximity to a European continent des
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges
