Wednesday, February 1 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
Week of Jan 02
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    EBRD to finance green H2 project in Egypt with USD-80m loan


    November 16, 2022 - SeeNews Renewables

     

      November 16 (Renewables Now) - The European Bank for Reconstruction and Development (EBRD) said on Tuesday that it will extend a USD-80-million (EUR 76.9m) loan to the owners of Egypt’s first green hydrogen facility to support its ongoing development in Ain Sokhna.

      The project in question, called Egypt Green, is owned by a partnership between ammonia producer Fertiglobe plc, Norwegian renewables developer Scatec ASA (OSL:SCATC), The Sovereign Fund of Egypt (TSFE) and Orascom Construction plc (EGX:ORAS). They just recently announced the start of the commissioning of the project’s first phase.

      The consortium expects to make a Final Investment Decision (FID) in relation to the full-scale plant of 100 MW next year. Once fully realised, the electrolysers at the site will use 260 MW of solar and wind power to produce some 15,000 tonnes of green hydrogen. Fertiglobe intends to use the hydrogen generated by Egypt Green to produce up to 90,000 tonnes of green ammonia per year.

      (USD 1 = EUR 0.961)

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.