A 2023 report from the European Investment Bank predicts Africa could produce over 50 million tons of green hydrogen annually by 2035
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. Egypt’s pipeline projects were worth US$83 billion as of August 2023. The cost of production of green hydrogen in developed markets ranges from US$4.10 to US$7 per kg, according to an international energy consultancy company, ET Energy World. These costs are, however, significantly higher in developing markets such as Africa.
President El-Sisi and Norway’s president Jonas Gahr Støre kicked off a 100 MW green hydrogen plant at the Suez Canal Economic Zone during COP 27 in November 2023. India’s ReNew started a 220,000 ton project in the SEZ in 2022. Morocco World News reported that the mega project will feature a green ammonia plant producing 1.4 million metric tons annually. It will also process 320,000 metric tons of green hydrogen, using a 2 GW solar plant and a 4 GW wind project to provide power.
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