Event

High-Level Roundtable on Financing Green Hydrogen and Ammonia Projects in Egypt: From Pipeline to Implementation

09 July 2025 | British Embassy, Cairo 
Hosted by the Green Hydrogen Organisation (GH2), Nile University and British Embassy in Cairo

 

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The upcoming Cairo Regional Forum on Financing Renewables, Green Hydrogen and Green Ammonia (17-18 September 2025) will build on the discussions held at the High-Level Roundtable to unlock blended finance, accelerate project development, and bridge critical financing gaps. 

On 9 July 2025, GH2, with Nile University and the British Embassy in Cairo, convened a high-level roundtable to assess Egypt's green hydrogen and ammonia project pipeline, identify financing and infrastructure bottlenecks, and outline actionable steps to accelerate project implementation. The session brought together representatives from the Prime Minister's Office, Ministry of Electricity and Renewable Energy, Ministry of Environment, EEHC, DFIs, developers, regulators, and civil society. 

Egypt has made significant progress in establishing a policy framework for green hydrogen development: 

  • Up to 55% tax incentives 

  • A golden licence regime 

  • Over 30 MoUs signed 

  • Dedicated industrial zones in Ain Sokhna and the Northwest Coast 

Despite these advances, fewer than five projects have progressed beyond the feasibility stage. Over 95% of the current pipeline is export-oriented, creating a disconnect between Egypt’s strategic goals and domestic industrial development. The roundtable revealed critical project bankability constraints. Globally, only 6% of renewable hydrogen and ammonia projects have secured offtake agreements, and just 13% of those are underpinned by binding contracts. 

Participants emphasised the importance of transitioning Egypt’s role from host country to co-architect of its own green industrialisation, particularly in sectors such as fertilisers, shipping, and steel. Key sectoral insights highlighted green ammonia for fertiliser production as an early-use opportunity through retrofitting brownfield plants. New IMO carbon pricing measures are expected to increase demand for low-carbon fuels in shipping. There was broad consensus that concessional finance alone will not suffice, with calls for first-loss guarantees, contract-for-difference schemes, and creditworthy single buyer models. 

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