As part of the Egyptian government’s strategy to become a regional hub for clean energy, Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, met with Mr. Robert Falk, CEO of the Raynergy Group Alliance, to discuss the implementation progress of the largest green energy project in Egypt, which will utilize green hydrogen, solar power, and energy storage batteries. They also discussed a proposal to establish a hyperscale data center to leverage Egypt’s strategic location and direct submarine cable connections.
The Minister and the Alliance representatives discussed the detailed plan for the green energy project (green hydrogen and a solar power plant) in the El-Tor area of Sinai. This project, one of the largest development and technology projects in the region, will cover an estimated 127 square kilometers, with a 4-kilometer frontage on the Red Sea. The Minister reviewed the results of comprehensive technical studies conducted by Renergy Group at a cost of €5 million over two years. These studies confirmed the suitability of the site’s soil for constructing secure and sealed water reservoirs for energy generation. This is part of a project aiming to produce 400,000 tons of liquid green hydrogen annually, with the entire production destined for European countries.
Representatives of the consortium presented the implementation plan, which comprises two phases: the first with an export capacity of 160,000 tons per year, and the second with a production capacity of 400,000 tons.
In parallel, the consortium representatives proposed establishing a hyperscale data center powered entirely by green energy generated by the project. This initiative leverages Egypt’s advantages as a hub for international data traffic, with targeted investments approaching $1 billion.
According to the initial plan, the hyperscale data center will begin with an area of 10,000 square meters, with expansion plans reaching 500,000 square meters, making it one of the largest regional centers. The center will utilize seawater for cooling, attracting major international companies seeking green data services. A hyperscale data center is a massive computing facility designed to meet the enormous data processing needs of major companies such as Amazon, Google, and Microsoft. It is characterized by its ability to rapidly expand to accommodate thousands of servers and is used to provide cloud computing services and store big data, consuming enormous amounts of energy.
Dr. Farid requested that the consortium representatives submit a comprehensive file including a feasibility study, a technical presentation, the project’s financing structure, and the participating partners. He noted that the Ministry would provide full support for investments that combine clean energy with advanced technology.
The Minister emphasized the need to coordinate procedures with the Ministries of Communications and Electricity, the Sinai Development Authority, and relevant security agencies to meet various requirements and ensure the project’s implementation in accordance with the highest national security standards and technical specifications.
For their part, the consortium officials praised the Ministry of Investment and Foreign Trade’s swift response and cooperation, confirming that they would prepare a comprehensive technical presentation in the coming period, in accordance with the Minister’s directives. They also indicated that there was a preliminary agreement and significant interest from Japanese investors in financing this center as part of their strategic expansion.
