Infinity Power is a joint venture in between Egypt’s Infinity and the UAE’s renewables designer and investment company Masdar
Infinity Power Holding– a joint venture between Egypt’s Infinity and also UAE’s renewables programmer and also investment firm Masdar– and Conjuncta GmbH, a German project developer, have actually signed a first agreement with Mauritania to establish an environment-friendly hydrogen task.
The task, which will certainly be topped four phases, is anticipated to produce as much as 8 million tonnes of environment-friendly hydrogen or various other sustainable fuels of non-biological origins upon completion.
The dimension of the project was not revealed.
Advancement of the eco-friendly hydrogen sector in Mauritania will certainly bring environmental, economic and also social advantages, Abdessalam Saleh, the African country’s Priest of Oil, Mines and Power, claimed.
” Our country is figured out to play a leading setting on the global map of the eco-friendly hydrogen economic climate in the coming decades … the consortium [Infinity Power and Conjuncta] … has really strong technical and also financial capacities”, Mr Saleh stated.
Hydrogen is readied to play a crucial function in the transition to a net-zero power system as well as help to decarbonise industries that are challenging to electrify– such as hefty market and long-haul transportation, according to the International Renewable Energy Agency.
Around the world, the hydrogen market is anticipated to be worth $183 billion this year, up from $129 billion in 2017, according to Fitch Solutions.
The brand-new plant will be located near Nouakchott, the capital city of Mauritania.
It can reach an electrolyser capability of approximately 10 gigawatts, making it with the ability of producing approximately 8 million tonnes of environment-friendly hydrogen or its equivalent in sustainable fuels of non-biological beginnings.
The eco-friendly hydrogen, ammonia and also various other renewable fuels produced from the plant will be made use of for exports.
Abu Dhabi-headquartered Masdar has already developed a substantial presence in Africa, having actually created its Infinity Power joint venture with Egypt’s Infinity to target possibilities in the continent.
In November, Masdar, Infinity Power and Hassan Allam Utilities signed an arrangement with the Government of Egypt to create a 10GW onshore wind task– among the largest wind ranches on the planet.
” We are very pleased to partner with the government of Mauritania in constructing this environment-friendly hydrogen plant, which will certainly supply not only the North-West however the entire continent of Africa with a tidy, renewable energy source that will in turn cultivate a cleaner, greener future for all of us”, said Mohamed Mansour, chairman of Infinity Power.
Developed in 2020, Infinity Power intends to develop utility-scale and distributed solar energy and also wind power tasks in Egypt and also Africa. The firm also has 12GW of tasks in the pipe at various phases of development.
The very first stage of the Mauritania plant of 400 megawatts is anticipated to be functional by 2028. The overall project will provide tasks to almost 3,000 employees throughout building as well as to 1,000 workers when operational.
” It [the job] will certainly have a solid link to Germany both as an innovation company and also a possible offtaker of eco-friendly energy”, stated Stefan Liebing, president of Conjuncta.
” It is without a doubt the biggest bilateral financial investment task ever as well as we anticipate making it a success story that will bring in a lot more business tasks in between the two nations.”
Established in 2004, Hamburg-headquartered Conjuncta GmbH is a project growth and also investment firm with a focus on Africa.
Last Updated: 10 March 2023
