Egypt inks MoUs with UAE's Masdar for new renewable energy projects

Updated 11/21/2024 3:27:00 AM
Egypt inks MoUs with UAE's Masdar for new renewable energy projects

Arab Finance: Future of Egypt for Sustainable Development Authority has put pens to two memoranda of understanding (MoUs) with the UAE's Masdar to construct new renewable energy projects, as per a statement.

The agreements outline plans for a five-gigawatt floating solar energy project in Lake Nasser and a 2.8-gigawatt solar energy project in Naga Hammadi.

These projects contribute to national and regional sustainable development goals and support global efforts to combat climate change.

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