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Consortium signs $34 billion MoU for hydrogen project in Mauritania

World

08-03-2023 | 09:14

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Consortium signs $34 billion MoU for hydrogen project in Mauritania

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German project developer Conjuncta on Wednesday said it signed a memorandum of understanding with Mauritania, Egypt's energy provider Infinity and the United Arab Emirates' Masdar for a $34 billion green hydrogen project in the West African country.

The project will have a production capacity of up to 8 million tons of green hydrogen or other hydrogen-based end products annually, with an electrolyzer capacity of up to 10 gigawatts, the company said in a joint statement with the firms involved and the Mauritanian government.

"(This project) will have a strong link to Germany both as a technology provider and a potential offtake of green energy," Conjuncta Chief Executive Stefan Liebing said.

Germany has been scrambling to ramp up its renewables capacity to compensate for Russian fuel imports and meet climate targets. In December, Berlin approved the construction of the country's first hydrogen pipeline network.

The first phase of the Mauritania project, to be located northeast of the coastal capital of Nouakchott, should be completed in 2028 with planned capacity of 400 megawatts, it said.

The German government and the economy ministry were not immediately available for comment on the agreement.

Conjurta

Consortium

German

Project

Developer

Mauritania

Egypt

Energy

Provider

Infinity

UAE

Masdar

United Arab Emirates

Green

Hydrogen

Power

Africa

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