Source: Shutterstock Egypt has signed a memorandum of understanding (MoU) with an Indian company, Indian ReNew Power Private Limited (RENE.BO), to build a green hydrogen factory in the Suez Canal Economic Zone, according to a statement by the cabinet. The factory, which is worth USD 8 billion (EGP 151 million) will produce 20,000 tonnes of green hydrogen a year in the first phase. The second phase will see an expansion in production to reach 200,000 tonnes. In a statement, ReNew Power said that it is proud to partner with Egypt, as “it shows global leadership in taking on the existential threat of climate change in the lead up to COP27”. The Minister of Electricity and Renewable Energy, Moha
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