France’s Voltalia partners with TAQA Arabia to develop green energy cluster in Egypt

France’s Voltalia SA and Egyptian energy company TAQA Arabia have signed on Wednesday a memorandum of understanding to develop, finance, and operate a cluster combining green hydrogen production with solar and wind power generation in Egypt.

The proposed project will include a new green hydrogen production facility with a capacity of 15,000 tonnes per year, in a greenfield site near Ain Sokhna port, through a 100-megawatt electrolyser supplied with 283 megawatts of renewable power, Voltalia and TAQA said in a joint statement on Thursday.

Further, the project will be expanded to 150,000 tonnes per year of green hydrogen with an electrolyser capacity of up to an aggregate of 1 gigawatt supplied by an aggregate of 2.7 gigawatts of solar and wind power. The Egyptian government will provide the land required to build the cluster.

The initial shareholders of the cluster will be Voltalia, as a majority partner, and TAQA Arabia. the Sovereign Fund of Egypt (TSFE) (TSFE), and the Egyptian Electricity Transmission Company (EETC) will have the right to become minority shareholders.

The MoU was signed by Ayman Soliman, CEO of TSFE; Walid Gamal El-Din, Chairman of SCZone; Pakinam Kafafi, CEO of TAQA Arabia; Karim El Ezzawy, Voltalia Country Manager; Mohamed El-Khayat, Chairman of the New and Renewable Energy Authority (NREA); and Salah Ezzat, vice chairman of the EETC.

The signing ceremony took place in Cairoin the presence of Prime Minister Moustafa Madbouly, Minister of Electricity Mohamed Shaker, Minister of Planning Hala El Said, Minister of Public Enterprise Mahmoud Essmat, and Khaled Abu Bakr, Executive Chairman of TAQA Arabia.

Contributing to the Egypt’s constructive vision to increase the share of renewables in the energy mix, Voltalia said it is committed to supporting the country’s goal of a 42% renewable share of total generation capacity by 2035.

“Voltalia has been active in Egypt since 2017 having developed, built and operated its Râ Solar project within the Benban cluster. This green hydrogen project will be a first for Voltalia and will allow us to broaden our range of renewable solutions to clients” said Sébastien Clerc, CEO of Voltalia.

“We are thrilled to partner with the French Voltalia, a leading renewable energy player and a service provider with strong global presence. As Egypt’s leading private sector energy and utility provider, TAQA Arabia is committed to contribute to building Egypt’s green economy.” said Khaled Abu Bakr, Executive Chairman of TAQA Arabia.

“This cooperation comes in support of Egypt’s sustainable energy strategy 2035,” Abu Bakr added.

On Wednesday, the Egyptian government signed seven new memoranda of understanding with local and international companies to study projects for the production of green hydrogen and its derivatives, a Cabinet statement said on Wednesday.

In cooperation with the INP and DCarbon Egypt: TOP 50 Women Forum leads new initiative to advance Egyptian women’s leadership in climate action

Top 50 Women supports the Egyptian agenda at COP28

Top 50 Women aims to integrate climate action into all economic activities

Cairo December 1,2022

Cairo-based Top 50 Women Forum is leading a first-of-its-kind initiative by launching training packages tailored to enrich women cadres across public and private organisations with skills needed to pivot on sustainability and green economic activities.

Building on the success and recommendations of the UN climate conference COP27 hosted by the Red Sea resort of Sharm El-Sheikh, the initiative will include areas of sustainability, sustainability reporting with GRI standards, and a green economy transition, aiming to integrate environmental and climate action into all economic activities.

For this, the Top 50 Women Forum has signed a cooperation protocol with the Institute of National Planning (INP) and DCarbon Egypt to implement the initiative and prepare the training programmes and workshops designed to strengthen women’s decision-making role in driving a climate action.

The Forum will start the first executive steps in implementing the initiative as it will launch the first training programme for women cadres from public and private sectors on December 6-7, 2022 at the INP’s headquarters in Cairo.

The programme will tackle methodologies of sustainability reporting with GRI standards, thereby enriching the participants with the skills and expertise to transition to sustainable and green economy in according to global standards.

Commenting on this initiative, Dr. Ashraf El-Araby, President of the INP, stressed the importance of uplifting the skills of Egyptian women cadres in public and private sectors to pivot to a sustainability-focused career path to cope with the climate change and its negative impact on environment and economic activities.

The whole world is rapidly moving into achieving sustainability to reverse the cascading impacts of climate change, El-Araby said, adding that Egypt is seeing tremendous challenges in its green transition goal, including the lack of training programmes that uproot sustainability as a concept and a way of doing business.

The INP is cooperating with Top 50 Women Forum as being a key woman driving force platform that best represents women professionals in Egypt.

“Women in Egypt are strategic partner and key national element for achieving sustainable development schemes under Egypt 2030 Vision. It is important to support a climate action in Egypt amidst the ongoing global climate change challenges that threaten women’s social and economic stability.”  El-Araby noted.

For her part, Dina Abdel Fattah – Founder and Chairperson of Top 50 Women – said the initiative and the training programmes are building on the recommendations made during the UN climate conference COP27, which stressed the need for taking faster action to transition to green economy.

The Forum’s training programme related to sustainability reporting with GRI standards aims to help better speed up integrating governance and sustainability into economic activities, she added.

“We aim to empower companies to operate in accordance with global standards that are based on governance, disclosure, and corporate responsibility.” Abdel Fattah said.

“This will help improve corporates’ performance through better understanding of risks and available opportunities as well as increase their competitiveness and thereby attracting sustainable financing.”

Abdel Fattah further said this initiative is a proactive step to support Egypt’s agenda at the UN upcoming climate conference COP27 by developing women cadres’ skills and potentials as well as the performance of Egyptian economic institutions.

In the same context, Ehab Shalaby, CEO of DCarbon Egypt, has said that empowering women with the needed skills and expertise will boost the transition process towards witnessing more sustainable work models.

“DCarbon has prepared integrated training programme packages and will be carried out in cooperation with the INP and Top 50 Women Forum. We will first start with the sustainability reporting with GRI standards course.”