The Green Hydrogen Project in El-Tor City, with investments estimated at approximately USD 15 billion, is witnessing significant progress toward the implementation phase following the completion and submission of all required environmental studies to the Egyptian Environmental Affairs Agency (EEAA).
The project is considered one of the largest renewable energy projects in Egypt and the region. It aims to generate approximately 30 terawatt-hours (TWh) of green electricity annually, equivalent to around 10% of Egypt’s projected electricity demand by 2030, with a generation capacity nearly three times that of the Aswan High Dam. The project also includes an advanced energy storage system with a capacity of up to 250 gigawatt-hours (GWh) using pumped hydro energy storage technology, helping maximize the utilization of energy generated from wind and solar resources by shifting power from periods of low demand to peak consumption.
The project represents a strategic addition to the energy sector, enhancing long-term energy security by providing a sustainable domestic source of electricity at competitive, stable prices while reducing dependence on imported liquefied natural gas (LNG). It is also expected to create thousands of direct and indirect jobs and support the development of new industries powered by continuous green energy, including artificial intelligence data centers and the production of green hydrogen and green liquid fuels.
During a meeting that brought together Renergy Group partners, Major General Dr. Ismail Kamal, Governor of South Sinai, and a number of senior governorate officials, the latest developments of the Green Wadi El-Tor Project were reviewed, including the completion of the environmental and social studies and their submission to the relevant authorities. This represents a key step toward completing the development process and securing the necessary financing from financial institutions and investors.
The meeting also addressed the timeline for the upcoming phases of the project and efforts to attract new investors to finance the development activities. Work is currently underway to secure additional investments of USD 25-50 million to reach financial close, paving the way for securing the main financing for the first phase of the project, estimated at approximately USD 7 billion.
The project is planned to be fully developed, financed, and operated by the private sector, without imposing any financial obligations or investment risks on the state, while providing highly efficient green electricity generation and energy storage services to support the Egyptian electricity grid over the long term.
