Andrew Forrest’s Fortescue Future Industries says it is looking to build a 9.2GW wind and solar facility that will power green hydrogen production in Egypt, and could also include local manufacturing facilities for wind and solar.
Forrest and his team from FFI, the billionaire’s newly formed green energy venture, are on yet another global tour scouting for opportunities to meet his ambition of producing 15 million tonnes of green hydrogen a year by 2030.
The newly revealed 9.2GW project – and other green energy opportunities – were discussed over the weekend by Forrest and his team with Egypt president Abdel Fattah El-Sisi, in the lead up to the latest UN climate talks due to be held in Egypt later this year.
“Egypt is on the way to becoming a global powerhouse in the green energy value chain and will be ready to show the world that at COP27,” Forrest said in a statement, in reference to the Conference of the Parties, as the UN talks are described.
“Egypt’s excellent wind and solar resources can generate the renewable energy required to produce large scale green electricity, green hydrogen and green ammonia.”
It is the latest in a series of project announcements unveiled by Forrest and his team over the last year and a half, when Forrest has scoured the world, and large tracts of Australia, looking for green energy and green hydrogen opportunities.