Egypt is aiming to become a leading producer of green hydrogen, targeting 8 percent of the global market share by 2040, according to the head of the country’s top investment body. This ambition is supported by several large-scale projects awarded in recent months, with more expected in the coming years, reported Zawya.
As per the media report, Husam Haiba, CEO of the General Authority for Investment[1] and Free Zones (GAFI), noted that Japan is anticipated to play a significant role in financing these projects. Haiba made these remarks on Tuesday following a meeting with a delegation from the Japan Bank for International Cooperation (JBIC), where they discussed new financing options for green hydrogen and other sectors in Egypt, as reported by Al-Ahram.
“Collaboration with JBIC will significantly boost Japanese investments in Egypt’s renewable energy projects,” Haiba said.
He added, “Our government has set a goal of securing 8 percent of the global green hydrogen market by 2040, and we aim to position Egypt as a major exporter of renewable energy to Europe.”
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[2]
References
- ^ General Authority for Investment (www.gafi.gov.eg)
- ^ Green Hydrogen Industry News (bioenergytimes.com)
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