Renewable Energy Moroccan-French venture to build $2bn green hydrogen plant By Pramod Kumar November 19, 2023, 8:17 AM Reuters/Denis Balibouse The White Dunes project seeks to produce 10 gigawatts (GW) in wind energy, 7 GW in photovoltaic energy and 8 GW in electrolysis Morocco-headquartered Falcon Capital Dakhla and France’s HDF Energy have signed a deal to build a $2 billion green hydrogen production plant in the Moroccan coastal region of Dakhla. The White Dunes project seeks to produce 10 gigawatts (GW) in wind energy, 7 GW in photovoltaic energy and 8 GW in electrolysis. “We have devoted nearly two full years to feasibility studies, preliminary project design, and phased planning across a projected area of 150,000 hectares,” Majid Slimani, founder and president of Falcon Capital Dakhla. Morocco’s government inNOvember 2022 announced plans to reduce energy costs for factories by 20-30 percent through a combined strategy of investing in renewable energy and the decarbonisation of industries. Morocco has set ambitious targets of generating 52 percent of its energy needs from renewables by 2030 – comprised of 20 percent solar, 20 percent wind and 12 percent hydro. It has also set a target of 80 percent renewables by 2050. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
