The Green Hydrogen Project in El-Tor City, with estimated investment of approximately USD 15 billion, is moving towards implementation after all required environmental studies were completed and submitted to the Egyptian Environmental Affairs Agency (EEAA).
Project scale and purpose
The project is described as one of the largest renewable-energy developments in Egypt and the region. It is intended to generate approximately 30 terawatt-hours (TWh) of green electricity each year—around 10% of Egypt’s projected electricity demand by 2030—and to provide generation capacity nearly three times that of the Aswan High Dam.
An advanced pumped-hydro energy-storage system with a capacity of up to 250 gigawatt-hours (GWh) will help maximise the use of wind and solar energy by shifting electricity from low-demand periods to peak consumption.
The project is intended to strengthen long-term energy security by supplying sustainable domestic electricity at competitive, stable prices and reducing dependence on imported liquefied natural gas (LNG). It is also expected to create thousands of direct and indirect jobs and support industries powered by continuous green energy, including artificial-intelligence data centres and the production of green hydrogen and green liquid fuels.
Meeting in South Sinai
Major General Dr Ismail Kamal, Governor of South Sinai, met Renergy Group partners and senior governorate officials to review progress on the Green Valley El-Tor project. The participants discussed completion of the environmental and social studies and their submission to the relevant authorities, a key step towards completing development and securing finance from institutions and investors.
Financing and next phases
The meeting also covered the timetable for the next phases and efforts to attract further investors. Work is under way to secure an additional USD 25–50 million to reach financial close. This would support the main financing for the first phase, estimated at approximately USD 7 billion.
The project is planned to be fully developed, financed and operated by the private sector, without financial obligations or investment risks for the state. Its green-electricity generation and energy-storage services are intended to support the Egyptian electricity grid over the long term.
