Egypt hydrogen and renewables

Egypt secures further backing for energy transition, despite shaky economic picture

In depth
Issue 493 - 19 Oct 2023 - By John Hamilton | 4 minute read

Balanced on a financial tight-rope, the Egyptian government is still securing investment commitments for its green energy transition and has brought forward its renewables target by five years.

London-based European Bank for Reconstruction and Development (EBRD) is financing the first part of a $2bn programme of transmission upgrades and has named the first gas-fired generator to be shut under the scheme, while Maersk’s new C2X green methanol venture has picked Egypt for its first deal.

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