The African Development Bank Group (AfDB) has approved a $3.55 million reimbursable grant for Egypt’s Ra green ammonia project in East Port Said as part of efforts to expand green hydrogen and its derivatives across Africa, Mercom India reported.
The funding has been sanctioned under the AfDB’s Africa Green Hydrogen Program and forms part of a wider $20 million package of reimbursable grants approved for four green hydrogen and derivatives projects in Egypt, Morocco, Namibia and South Africa. The programme seeks to encourage private sector involvement and attract foreign direct investment into green hydrogen infrastructure.
The Ra project is spread across 780 sq. km and is being developed primarily by Germany-based DAI Infrastruktur in partnership with Freepan Holdings. Once operational, the project is expected to produce 2 million tonnes of green ammonia annually. Commissioning is targeted for the second half of 2028.
In Türkiye, the government plans to invest about $108 billion over the next 10 years to expand renewable energy infrastructure and raise installed wind and solar capacity to 120 GW by 2035.
The investment programme, outlined under Türkiye’s Renewable Energy 2035 Road Map, includes approximately $80 billion for renewable power generation and a further $28 billion for transmission infrastructure.
Meanwhile, Israel-based renewable energy company Airengy has agreed in principle to acquire Poland’s 7.84 MW FLUX wind project from VH Invest for around €13.5 million, equivalent to approximately $15.71 million.
The proposed transaction puts the value of the operating wind project at about $2 million per MW. FLUX consists of three GE wind turbines, which began commercial operations in December 2015 and June 2016. The project sells its electricity on Poland’s free electricity market and operates without a long-term power purchase agreement.
Saudi Arabia has also continued to expand its renewable energy and energy storage capacity. The country has added 7 GW of solar and wind capacity and 3.5 GW/14 GWh of battery energy storage systems to its grid so far in 2026.
Saudi Arabia aims to generate 50% of its electricity from renewable sources by 2030. Four utility-scale solar projects contributed a combined 5.9 GW to the renewable capacity added, according to the country’s Ministry of Energy.
These projects include Haden with 2 GW, Al-Muwayh with 2 GW, Al-Khushaybi with 1.5 GW and Tabarjal with 400 MW.
