Cairo - Mubasher: Walid Gamal El-Din, head of the Suez Canal Economic Zone (SCZone), stressed the importance of the Egyptian government's initiatives to support the development of green energy projects, particularly in the Suez Canal area. Egypt seeks to become a regional hub for exporting green fuel, whether by ship or through pipelines to Europe, he said.

This came during his speech on the sidelines of a dialogue session titled "Green Hydrogen and Renewable Energy in Egypt: Investment Prospects for French Companies," as part of the Egyptian-French Business Forum. The forum was moderated by Khaled Abu Bakr, Chairman of the Board of Directors of Arab Energy Company, and attended by a select group of officials, leaders of Egyptian and international companies, and experts in the field of renewable energy, according to the Middle East News Agency.

Jamal El-Din added that digital technologies, such as "digital trees" and artificial intelligence, play a pivotal role in the efficient design and operation of green hydrogen stations, with the potential to be leveraged for future expansions and remote maintenance.

He pointed out the importance of intelligently managing renewable energy sources, using modern software to identify the most appropriate energy source at any given moment, whether solar, wind, or storage. This enhances operational efficiency and creates additional opportunities to generate revenue from surplus energy by directing it to the grid.

For his part, Sebastian Reese, CEO of Schneider Electric North East Africa, emphasized the importance of developing green energy projects in Egypt, noting that achieving efficiency in this field requires focusing on four key dimensions, including project design, construction, operation, and maintenance.

In this context, Maria Astide de Montmarin, CEO of EDF Renewables in Egypt and Regional Vice President for East Africa, spoke about Egypt's strategic position as a clean energy hub, noting that Egypt is a competitive market attracting investment in renewable energy and is rapidly moving towards a green energy transition.

Mohamed Ibrahim Mohamed Ibrahim, Head of Business Developer Renewables for Egypt Engy, noted that Egypt aims to achieve a 20% renewable energy share by 2030, and has made significant progress in this area with wind energy projects with a capacity of 2.2 gigawatts.