The European Union is eyeing the potential of Africa’s yet-to-be-developed inexperienced hydrogen trade, deepening local weather and power partnerships within the course of, as evidenced by the lately inked $34 billion deal for a large inexperienced hydrogen venture in Mauritania.
After a latest rush on Africa’s pure gasoline sources following the Russia-Ukraine battle flare up in March 2022, Europe additionally picked the continent as a substitute provide marketplace for pure gasoline. As a part of a appeal offensive, the European power ministers and different political leaders toured North African international locations and gasoline initiatives in each East and West Africa acquired renewed assist.
Now, Europe is more and more specializing in what seems to be an early race to construct up clear power sources, a part of a serious, continued transition away from fossil fuels. The EU and its particular person member international locations and firms have begun making huge commitments to inexperienced hydrogen and different types of inexperienced power in Africa, together with provisions for exports from the continent to serve Europe’s home wants.
For instance, earlier this month, a world consortium made up of German venture developer Conjuncta, the UAE renewable power large MASDAR, and Egyptian expertise supplier Infinity, signed a memorandum of understanding with the Mauritanian Ministry of Petroleum, Mines and Power in a deal to supply as much as 8 million tons of inexperienced hydrogen yearly for the worldwide market.
The European Union Fee and European Funding Financial institution (EIB) have additionally signed strategic partnerships with Kenya and Morocco for multi-million-dollar inexperienced hydrogen investments.
These and different looming partnerships are more and more being documented in numerous reviews, together with “Africa’s Extraordinary Inexperienced Hydrogen Potential” report printed by the EIB in 2022, which exhibits huge potential for inexperienced gasoline in Mauritania, Morocco, Southern Africa, and Egypt, highlighting the EU’s confidence in Africa’s inexperienced power sources.
The examine, confirming €1 trillion Africa extraordinary inexperienced hydrogen potential, says harnessing Africa’s photo voltaic power to supply 50 million tons of inexperienced hydrogen a yr by 2035 may also help safe international power provide, create jobs, decarbonize heavy trade, improve international competitiveness and rework entry to wash water and sustainable power.
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