German energy company 2G Energy is in talks with five Egyptian companies to develop green hydrogen, biogas, and combined heat and power (CHP) systems.
Egypt is growing its renewable energy market, making it a promising location for 2G Energy. The company, which operates globally, often adapts its business approach depending on market needs. In Egypt, 2G is open to different options, including direct equipment sales or partnerships with local companies. While specific investment figures were not disclosed, the company indicated that it sees Egypt’s private sector as an essential partner, especially as the country moves toward hydrogen production.
Among the discussions are plans for a green hydrogen facility in the Suez region, a biogas project, and a CHP plant. These projects are intended to contribute to Egypt’s renewable energy plans and the broader push to diversify energy sources.
Egypt has set ambitious renewable energy goals under its 2035 Integrated Sustainable Energy Strategy, aiming to produce 42 percent of its electricity from renewables by 2035. Notable projects already in place include the Benban Solar Park in Aswan, with a planned capacity of 1.8 gigawatts, and the Gulf of Suez Wind Farm, which is projected to produce over 500 megawatts of electricity.
Additionally, Egypt is developing a framework to encourage green hydrogen production, signing preliminary agreements with international firms interested in supporting clean hydrogen. This shift toward alternative energy sources has drawn the attention of companies like 2G Energy, which are looking to enter Egypt’s renewable energy sector through collaborations with local partners.
The collaborations could also bring new energy solutions to Egypt’s industrial and commercial sectors, aligning with the country’s broader energy transition efforts.
