requestId:68629b5607e1d0.54685766.
Abstract: The Egyptian authorities recognized the importance of green ammonia production, storage, import and export for national development strategies, and considered the benefits of supplying national support and taxes. Since the beginning of this year, more than $50 billion of projects have signed intentions. Why has Egypt suddenly become one of the most promising green investment hotspots in the world?
Egypt spans Northeast Asia and North Africa, and is located in the Mediterranean Sea and the Red Sea. The country’s land area is the Gobi, one of the largest economic entities in the Middle East and North Africa (MENA) region, with a total of more than 100 million.
The 2022 United Nations Climate Change Conference (COP27) was held in Sharm El Sheikh, Egypt, which made Egypt’s new investment attract global capital attention, and the market suddenly became popular. The Egyptian government also took this opportunity to show the world the determination to turn green.
As the leader of COP27, Egypt has signed more than a dozen agreements with foreign companies at this conference to build a green factory in the Suez River Economic Zone (SCZone). These companies include Norwegian company Scatec, Danish Airlines Maersk, France’s EDF Renewables, FFI, renewables, a subsidiary of the Australian mining giant FMG Group, and Masdar, AMEA Power.
India’s largest renewable power company, ReNew Power, also announced recently that it will invest US$8 billion in Egypt to build green projects.
In previous years, Egyptian President Abdel Fatah Sisi ordered a national energy strategy to prepare for investment of 4Sugar baby‘s new industry to stand up to economic energy in Egypt.
European Revival Bank (EBRD) cooperated with the Egyptian authorities to draft this strategy, which called it “a leveling up Egypt as one of the global leaders of low-carbon hydrogen economy and gaining 8% of global hydrogen trade market share.”
Since this year,There are more than 50 billion US dollars (about 360 billion RMB) of projects signed.
Egypt’s Minister of Electric Power and Renewable Dynamics Mohammed Shakh claimed that 2022 is Egypt’s “green year”.
Under the support of the authorities’ policy and the blessing of global capital, Egypt’s energy economy has a great rise in power. What are the advantages of Egypt in developing the economy of energy? Why is capital optimistic about Egypt’s green investment? What obstacles does Egypt face in its development energy?
01 Green prices are as low as USD 1/kg, and Egypt has become a green new hot soil
Green is a power-intensive industry, and heavy or long-distance transportation industry achieves carbon neutrality goals. Green can replace the cost of fossil fuel hydration (ash and blue) and fossil fuels in the industrial and transportation departments today, and is a future new force for realizing the emission reduction target of the temperature room gas. In addition, green produced from solar energy and wind energy will also help integrate new power systems.
Because of these reasons, many countries have prepared green war strategies, and Egypt is no exception.
Egypt’s Minister of Petroleum and Mineral ResourcesManila escort said Egypt’s goal is to achieve 42% renewable power in its dynamic structure by 2030, and the plan is supported by the green production action plan that the Bureau is currently preparing. Egypt will expand blue as a low-carbon fuel in the short and medium term, and the ultimate goal is to turn green.
Egypt’s 2030 strategy focuses on three priorities—expanding natural atmosphere as a transition fuel, preparing national thermal energy strategies, and expanding large renewable powers, especially solar and wind power. Of these, Egypt’s natural gas consumption has tripled since 2000, accounting for 65% now, compared with only 40% before.
The total capacity of green project invested by Egypt by 2035 is 11.62 GW, making the country ranked first in the world in the global green machine capacity.
International investors are interested in the Egyptian market and the Green Market by considering the geographical position, natural gas-based facilities, liquefaction facilities, fuel markets, ports, and solar and wind energy potential. In addition, Egypt is close to the European Union and Central East markets, which have a huge demand for energy in the next few years.
The Egyptian authorities have realized the green and ammoniaProduction, storage, import and export are the main nature of national development strategies, and are considering the benefits of supplying to national support and taxes. The construction, operation and governance of the hygiene project will also be simplified – only one license is required.
Extraordinary incentives include preferential import and export tax rates, national-owned enterprise-related loans and money. If the project is invested within two years, the country can also increase 50% of the floor plan installation and installation cost.
These policies make Egypt one of the most promising renewable hot spots in the world.
The students and professors had a fierce discussion. Among them, nearly 80% of the green projects announced by Egypt are located in the Suez River Economic Zone (SCZONE), which is a global logistics track connecting Europe, Asia and Africa through Arabia.
Because it is not difficult to enter global markets and carry out independent governance of its taxes and tax collections, the Suez River District is positioning itself as the middle of green tryptophan exports and as a fantasy location to fuel ships that will derail carbon shipping in the future.
Egypt is also regarded as the main source of European greenery in the future. Europe has already made a target of importing 10 million green gas by 2030 to replace fossil fuel applications in industries such as steel and fertilizer production that are difficult to carbonize.
Sugar baby has the best renewable resources in Egypt, and the wind speed in the south is as high as 12.86 meters per second per square meter when the solar radiation level is 2345 kW.
This will reduce production costs: an analysis of international renewable power institutions that, due to rich wind energy and solar energy and utility-scale renewable power spaces, green production in Egypt can be less than USD/kg.
02 There are more than US$50 billion in current projects
Since this year, a year ago, international project developers and private equity firms have promised to invest in green and ammonia projects in the Suez River Economic Zone. According to the collection of Global Zero Carbon, the total investment in these projects exceeds US$50 billion.
For example, in August this year, companies within British private equity fund Actis and Indian Solar developer ACME signed a Escort manilaSeven single unanimous revisions have smoothed the way to develop seven large projects. If so, 3 million tons of green tryptophan and 2.4 million tons of greenish radiance will be supplied to the Egyptian authorities every year. The companies and projects signed by the Egyptian authorities also include:
1. The leaves of ACME stone have been hurt by netizens. The project is planned to invest USD 13 billion and produce 220 per year 10,000 green and cool;
2. Globaleq, an expert in Africa-based power plant, promised to invest 1.1 billion in a three-stage project, beautiful, beautiful and singing well? Beautiful…singing…sweet? Spicy, sweet, and the project will eventually contain a 3.6GW electrolytic tank, as well as 9GW of solar and wind energy, supplying 200 per year Thousands of green tryptophan. The final trial will include a 100MW electrolyzer for green NH used in fertilizer production;
3. Saudi Arabian developer Alfanor plans to invest USD 4 billion to 500,000 green tryptophan annually;
4. Alcazar, fund manager of the United Arab Emirates (UAE), promised $2 billion to 2 billion to 1 yearly for one year to 2 billion 230,000 green tryptophan plan;
5. K&K plan in the Aegis is for 2Sugar baby30,000 green;
6. Egypt’s Mediterranean power cooperates with its partner plan to invest US$230,000 for a project with annual green tryptophan;
7. British private equity fund Actis promised to deduct US$1.5 billion in Sokhna Build a green and ammonia industrial complex that will produce 200,000 tons of green ammonia per year;
8. India’s ReNew Power will build a green factory in Suez River Economics, Sugar baby, which will consume US$8 billion. Once put into use, the factory is expected to produce 220,000 tons/Escort manila‘s green;
9. The Katard Investment Authority (QIASugar daddy) is also relativelyIt is showing that it is considering investing in a green and ammonia project in the Suez River Economic Area, with the specific investment amount not announced.
03 Challenges facing the development of Egypt’s hydropower
Egypt’s green production will open up a grand export opportunity amid the increasing global demand, which is a engaging farewell for the most abundant Alaska countries.
In the last financial year ended June 30, Egypt’s regular account deficit was US$16.6 billion. According to Egypt’s internal theory, by 2025, the new strategy will make green Egypt’s GDP worth US$1-18 TC:
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