CAIRO – 8 November 2022: President Abdel Fatah al-Sisi and German Chancellor Olaf Scholz co-chaired Tuesday a roundtable on green hydrogen at COP 27 in Sharm El Sheikh.
President Sisi stipulated that Egypt had set a strategy to become a hub for hydrogen production on the medium and long run. In that context, he expressed hope that developed countries do not shy away from investing in green hydrogen projects at developing countries, given that the technology is quite new.
That is why Egypt and Belgium are launching a platform for producers and consumers of green hydrogen to hold a dialogue on needs and exchange experience, the president declared.
In turn, German Chancellor Olaf Scholz said that Africa has the chance to become a large global generator of green hydrogen. Speaking of Europe, Scholz said that the transition to significant reliance on green hydrogen would materialize on the continent by 2050.
As for Germany, it is set to produce 5 GW of green hydrogen very soon, Scholz highlighted, expressing readiness to cooperate with developing countries in that field. He stated that Germany is already working with Morocco, Tunisia and South Africa to set strategies on green hydrogen.
What's more, President of the European Commission Ursula von der Leyen said that investments worth billions of dollars in Africa are necessary to ensure a reliable source of green hydrogen.
"We already invest in infrastructure needed to transport energy but investments in the sector have to be diversified," von der Leyen asserted.
In that context, the Egyptian President pointed out that some developing countries face challenges pertaining to the storage of renewable and new energy.
On the occasion of COP 27, and that roundtable in specific, President Sisi announced the operation of the first phase of a green hydrogen plant established in collaboration with Norway’s Scatec in Ain Sokhna. That phase’s capacity is 100 MW.