ReNew to invest $8 billion to set up green hydrogen plant in Egypt

ReNew joins several Indian companies tapping the prospects in green hydrogen, which is considered crucial to decarbonise hard-to-abate heavy industries

ReNew Power

The Indian company plans to build the project in the Suez Canal Economic Zone, the Egyptian embassy in New Delhi said in a Facebook post.

ReNew Power has signed a preliminary agreement with the Egyptian government to invest as much as $8 billion (over Rs 63,000 crore) to produce green hydrogen in the African country,

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First Published: Jul 28 2022 | 7:48 PM IST

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