As Egypt gears up to host the Cop27 climate talks in November, the government is setting out its energy transition credentials. A flurry of MoUs in August doubled the value of planned green hydrogen/ammonia projects to a mammoth $63bn. How many of these persist once the Cop caravan moves on to the UAE for the 2023 iteration is unclear.
Egypt clearly sees the Red Sea terminal of Ain Sukhna as the centerpiece of its planned low-carbon industry. If all the projects go ahead, they will require some 38.9GW of solar and wind power. This dwarfs Egypt’s existing solar and wind capacity of 3.2GW, even when adding in the additional 3.6GW in the pipeline. Egypt’s approach is in marked contrast to Saudi Arabia and the UAE, which are more methodically focusing on getting a small number of facilities off the ground before scaling up. (CONTINUED - 914 WORDS)