Monday, 20 November 2023

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GREEN HYDROGEN

Morocco’s Falcon Capital partners with HDF Energy on a green hydrogen plant

White Dunes is expected to begin production of its USD 2 bn plant by 2030.

Morocco gets new green hydrogen plant:French independent power producer HDF Energy has partnered with Moroccan investment holding company Falcon Capital Dakhla to establish a green hydrogen production facility in Morocco’s Dakhla region, according to a statement released last week. The project — dubbed White Dunes — will have an estimated initial investment ticket of USD 2 bn.

About the project: The new plant aims to produce green hydrogen on a global scale powered by 10 GW in wind energy, 7 GW in solar energy, and 8 GW in electrolyzers. White Dunes is expected to begin production by 2030.

We knew this was coming: Morocco allocated 1.4 mn hectares of land last year for 454 projects with an expected investment ticket of USD 60.5 bn, with 93% of the land allocated for green hydrogen and ammonia projects. Falcon was among the bidders for a green hydrogen project.

About Falcon:Falcon Capital is an independent investment holding company mainly operating in the development, financing, construction, and operation of renewable energy, and specifically green hydrogen projects.

About HDF:HDF Energy is a French independent power producer specializing in mass storage of electricity and non-intermittent renewable energy generation. It's currently developing a USD 181 mn green hydrogen plant with a 142 GWh capacity in Namibia.