RIYADH: The Sovereign FundÌýofÌýEgypt has signed an agreement with the Norwegian Investment Fund and Norway’s Scatec Corp. to develop green hydrogen and renewable energy projects in some African countries.
Under the agreement, the parties aim to develop green energy, green hydrogen facilities and infrastructure in a number of countries in Africa in the first phase, the Egyptian Cabinet reported.Ìý
The scope of cooperation includes the implementation, development, financing, construction and operation of green energy, green hydrogen and infrastructure projects in some African countries.
In the second phase, the parties plan to expand the scope of cooperation to include other countries.Ìý
This comes in line with the cooperation ties between Egypt and Norway and their recognition of the importance of sustainable development in combating climate change.Ìý
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