The Clap:
Taqa Arabia — which made its debut on the EGX last year with a significant block trade — is currently in talks with clients in the tourism, industrial, and agricultural sectors to develop solar energy farms boasting a total of a 150 MW capacity, its Chairman of the Board Khaled Abu Bakr told Zawya.
Remember big moves from Taqa on the clean energy front:
On the sidelines of the Egypt-EU investment conference which wrapped Saturday, Taqa and France’s Voltalia said they will jointly build a USD 3.5 billion green ammonia project in Ain Sokhna, as part of a new agreement with the Sovereign Fund of Egypt.
Why this matters:
To adapt to dwindling gas supplies that drove several fertilizer producers to shutter their doors for the second time this month and cabinet to reinforce commercial store closures at 10 pm, players including Abu Qir Fertilizers are approving a project to utilize hydrogen and solar power instead of natural gas.
