Energy

ArcelorMittal South Africa will be advancing to the next stage with several pre-qualified experts to start and complete the development. (Image source: Adobe Stock)

ArcelorMittal South Africa is embarking on a process to develop two 100MW renewable energy projects in Gauteng and the Western Cape

Egypt signed a US$5bn MoU with Scatec to develop a green hydrogen and green ammonia plant in the Suez Canal area. (Image source: Adobe Stock)

The Sovereign Fund of Egypt has signed a framework agreement with Norway’s government pension fund and Norwegian clean energy developer Scatec to develop renewable energy and green hydrogen projects in nine African countries


Under the agreement, the partner will target green projects in Tanzania, Ghana, South Sudan, Rwanda, Sierra Leone, Burundi, Djibouti, Uganda and the Democratic Republic of Congo.

The parties will form a coordination committee to explore potential investments in the nine countries and conduct feasibility studies before seeking to develop and finance the schemes.

Earlier in March, Egypt signed a US$5bn MoU with Scatec to develop a green hydrogen and green ammonia plant in the Suez Canal area.

The green hydrogen and ammonia facility will be located in the SCZONE in Ain Sokhna Industrial Zone and will be powered by renewable energy plants to be built in close proximity on an area of land allocated by NREA. The plant will be designed so it can be expanded up to three million tonnes a year in the future. 

The webinar serves as a form of prelude to AEW 2022 and will additionally feature a Q&A session on ongoing deals. (Image source: AEC)

The African Energy Chamber (AEC) has announced the launch of a market-focused webinar taking place on 13 April at 16:00 SAST 

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