EGYPT – British energy conglomerate BP has entered into a Joint Development Agreement (JDA) with a Masdar, Hassan Allam Utilities, and Infinity Power consortium to develop a multi-phase green hydrogen (gH2) project in Egypt.

Under the JDA, BP will act as the project’s main developer and operator on behalf of the consortium.

The partners are exploring the potential for a large-scale, multi-phase project in Egypt to produce green hydrogen and its derivatives for export.

“We welcome the addition of BP to the consortium, building on our well-established relationship and supporting Masdar’s ambition to drive green hydrogen development globally,” said Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer at Masdar.

“This agreement reinforces Masdar and the UAE’s commitment to realizing Egypt’s massive clean energy and green hydrogen potential alongside our African renewable energy champion, IPH.”

The consortium signed a Framework Agreement (FWA) with the Egyptian government at the Egypt-EU Investment Conference.

The FWA will enable the consortium to conduct studies and activities to evaluate the project’s technical and commercial feasibility.

“The diverse experiences of partners in energy projects present a great opportunity for regional cooperation and accessing global markets, fundamentally supporting Egypt’s energy transition plans,” said Nader Zaki, BP’s regional president for the Middle East and North Africa.

Egypt aims to become a leader in the green hydrogen sector, hoping to fill the energy export gap created by declining natural gas production. The country targets increasing power generation from renewables to 42 percent by 2035.

In April, Egypt announced plans to develop two solar power stations to generate clean energy and contribute to its goal of producing 42% of its power from renewables by 2030, five years ahead of the initial target.

These projects, valued at US$20 million and funded by the European Union, will be located at the Assiut Oil Refining Company and the Egyptian General Petroleum Corporation (EGPC), generating 10 megawatts and 6.5 megawatts of power, respectively.

These endeavors highlight Egypt’s renewable energy potential, driven by abundant solar irradiation and expansive desert landscapes.

By leveraging these natural resources, Egypt aims to meet domestic energy needs and position itself as a key player in the regional renewable energy sector.

Despite competition from neighboring countries in North Africa and the Middle East, Egypt is committed to accelerating its transition to renewable energy sources, supported by international partnerships.

These projects represent significant steps towards a more sustainable and environmentally friendly energy future for Egypt.

The 2035 Integrated Sustainable Energy Strategy emphasizes the importance of renewable energy, capitalizing on Egypt’s abundant land, sunny weather, and high wind speeds to become a prime location for renewable energy sources.

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