UAE, Egypt to develop major green hydrogen project in Mauritania
The UAE is interested in Africa's green hydrogen potential, but the lack of development in the country could prove challenging.
The German investment company Conjuncta announced on Wednesday a new green hydrogen project involving the United Arab Emirates, Egypt and Mauritania.
Conjuncta said it signed a memorandum of understanding with the Egyptian renewable energy firm Infinity, the Emirati renewable energy firm Masdar and the government of Mauritania to build a green hydrogen plant in the North African country. The plant will be located northeast of the capital, Nouakchott, and have a capacity of 10 gigawatts. This amounts to 8 million tons of green hydrogen per year. Conjuncta said the facility will also produce ammonia or fuel produced from plants and the energy will be used for exports, according to a press release.
"Our country is determined to play a leading position on the global map of the green hydrogen economy in the coming decades. We strongly believe that the development of the green hydrogen industry in Mauritania will bring environmental, economic and social benefits to our country and the world," said Mauritanian Energy Minister Abdessalam Ould Mohamed Saleh.
Reuters reported that the deal amounts to $34 billion.
