This collaboration has been made possible by HDF Energy's forthcoming minority stake in the project, sealing a strong partnership with Falcon Capital Dakhla, a leading Moroccan developer.
The White Dunes plant is designed to produce some of the most competitive green hydrogen in the world, thanks to the electrolysis of water powered by solar and wind energy, which is exceptional in the Dakhla region. It is a huge project developed as part of Morocco's Green Hydrogen tender, which could eventually reach a capacity of 10 GW of wind energy, 7 GW of solar energy and 8 GW of electrolysis. A first phase of the project, estimated at an investment of 20 billion Moroccan Dirhams, is currently under development.
HDF Energy and Falcon Capital Dakhla are complementary partners, each bringing their respective expertise to the project. Falcon Capital Dakhla, a leading Moroccan developer in the agriculture, energy and water sectors, brings in-depth knowledge of the local and regional market, while HDF Energy contributes its technical and financial expertise in the development of major hydrogen infrastructures around the world.
In Morocco, HDF Energy is already active in the development of the Melhy project, in collaboration with the Moroccan Storage Society (SOMAS). It is a huge underground hydrogen storage plant in a salt cavern, which could produce 100% carbon-free electricity day and night, integrating fuel cells from HDF Energy's plant in Bordeaux, France. The White Dunes project consolidates the company's position in Morocco and will provide a springboard for other strategic projects.
HDF Energy and Falcon Capital Dakhla have launched a fundraising process for the first phase of the White Dunes project, which will accelerate the development of this promising initiative. The aim is to start construction in 2025, with hydrogen production scheduled for 2028.
Damien Havard, Chairman and CEO of HDF Energy, said: "The collaboration with Falcon Capital Dakhla represents the perfect synergy between two complementary entities to produce some of the world's most competitive green hydrogen in Morocco. The White Dunes project will help shape a more sustainable future for Morocco and the world."
Majid Slimani, Chairman and CEO of Falcon Capital Dakhla, declared: "Thanks to the enlightened vision of His Majesty the King Mohammed 6, Morocco's green hydrogen tender will provide local and foreign investors with a reassuring legal framework and significant advantages for setting up and producing green hydrogen in Morocco. Above all, White Dunes embodies dedication to the cause of green energy and commitment to shaping a cleaner, brighter and more sustainable future for Morocco."
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/16112023/hdf-energy-commits-to-hydrogen-project-in-morocco/
You might also like
Family-owned spirits company, Bacardi has successfully completed the world’s first commercial production of a glass spirits bottle fuelled by hydrogen in a trial that took place earlier this month.