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مصراوي
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Egypt among nations receiving $20M for green hydrogen
The African Development Bank Group plans to provide grants totaling $20 million to support four green hydrogen and derivatives projects in Egypt, Morocco, Namibia, and South Africa. The goal is to finance projects aimed at sustainable transportation and low-carbon steel production, as part of a strategy to enable Africa to become a major player in the global green hydrogen market. The projects include solar and wind energy capacities of up to 20 gigawatts, 7 gigawatts for hydrogen production, and battery storage capacity of 2,950 megawatt-hours. The total investments are estimated at approximately $23 billion. The program aims to enhance private sector participation and stimulate foreign investment, as well as support social and economic development through water and desalinated electricity opportunities, contributing to Africa's accelerated transition to renewable energy and reduction of carbon emissions.
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