CAIRO – 11 January 2024: Egypt is preparing to establish a green data center project, harnessing around 200 megawatts (MW) of power sourced from solar and wind energy.
The Ministry of Communications and Information Technology has entered a new memorandum of understanding (MoU) with the International Company for Petroleum & Industrial Services (INCOME), Record Digital Asset Ventures, and SIC Investment for the development and operation of the project.
The project's objective is to provide digital services to specific target customers worldwide. The implementation of the project will take place within privately operated free zones and will be executed over two phases.
Each phase will involve the establishment of a power generation system capable of harnessing solar and wind energy, with a capacity of 100 megawatts.
In December 2023, Prime Minister Mostafa Madbouly held a meeting with China National Building Material (CNBM) and Chinese Hony Capital to explore potential collaboration in localizing the manufacturing of solar power station components and semiconductors.
This highlights Egypt's proactive approach to nurturing its own renewable energy industry, particularly in the production of clean energy project components.
Furthermore, the Ministry of International Cooperation announced in October that the country is set to implement renewable energy projects with a total capacity of 10 gigawatts, accompanied by investments amounting to $10 billion, all within a span of five years.
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