El Molla outlined Egypt's revised goals for national emissions reduction contributions, aiming to expand the country’s use of green energy and achieve a 42% integration of renewable energy into the energy mix by 2035
The initiative is worth $2.5 million.
A memorandum of understanding between the Suez Canal Economic Zone and the Chinese United Energy Company was signed Tuesday to produce potassium chloride and a framework agreement for the production of green fuel.
The government and Actis commenced discussions on the sale following an announcement by Minister of Planning and Economic Development Hala El Said last month
The signing took place between the fund and nine developers on the sidelines of COP 27 hosted by Egypt in Sharm El Sheikh.
Rady elaborated that this discussion comes within the framework of Egypt's endeavor to become a regional center for the production and exchange of new and renewable energy
President Abdel Fattah El-Sisi received on Sunday Joe Kaiser, Chairman of the Supervisory Board of Siemens, to discuss cooperation in green energy projects as Egypt endeavors to become a regional center for the production and exchange of new and renewable energy.
The term “green hospitals” began to be used a lot as part of the integrated system that Egypt seeks to implement in its green transition.
Green ammonia is a 100-percent renewable and carbon-free ammonia that is produced by green hydrogen, which is obtained by “using hydrogen from water electrolysis and nitrogen separated from the air.”
Molla pointed out to the success of the investments of the US companies in the Egyptian market, adding that this market witnesses clear development and opens special investment opportunities.
A planned $1 billion Apple data center is in doubt after Irish Prime Minister Leo Varadkar said the U.S. company’s Chief Executive Tim Cook would no longer commit to it.
Shaker briefed UL delegation on the measures taken by the government to increase investments in the renewable energy sector.