First-of-its-kind 'green energy' projects in Brazil and Egypt

A net-zero industrial park in Brazil is billed as a first for Latin America, while Egypt plans a hybrid renewable energy project.

Europe's largest energy storage company Envision will develop the park in Brazil, which will be 'anchored' by the production of sustainable aviation fuel. It will establish a green fuel value chain while advancing green hydrogen and green ammonia.

The park reportedly aims to establish a 'green oil' ecosystem and accelerate Brazil's industrial transition.

As the inventor of the Net-Zero Industrial Park model, Envision's park, which was developed with the city of Ordos in China, has been recognised as a leading example in the World Transitioning Industrial Clusters Report released by the World Economic Forum.

Envision is now scaling the model across diverse regions, including Inner Mongolia, Jiangsu and Spain, tailoring each park to local resources and industrial strengths.

In related news, The European Bank for Reconstruction and Development (EBRD) is helping to fund a 1GW solar plant and a 200MWh battery energy storage system in Egypt, one of the first hybrid renewable energy projects in the country.

It is expected to serve as a pilot for uptake of the technology.

The EBRD is providing the US$30mln equity bridge to Obelisk Solar Power, a special purpose vehicle owned by Scatec ASA, a global renewable energy developer.

The project aims to support Egypt's green energy transition, while keeping the grid stable and reliable in growing electricty demand. 

The project is expected to reduce Egypt’s CO₂ emissions by 1,357,000t per year.