HDF Energy further develops its Renewstable power plants in Asia
Published by Bella Weetch,
Editorial Assistant
Global Hydrogen Review,
HDF Energy (Hydrogène de France) has announced the signing of a Memorandum of Cooperation (MoC) with the Mindanao Development Authority, the Zamboanga Sibugay Provincial Government, a group of municipalities on the island of Olutanga, and the Zamboanga del Sur II Electric Cooperative (Zamboanga Sibugay Province) in the Philippines, for the study and development of Renewstable® power plant projects.
Fully focused on enhancing its project portfolio, HDF Energy is expanding its footprint in Asia – one of its five priority regions. The signing of this agreement in the online presence of the French ambassador to the Philippines formalises HDF’s first partnership with local authorities, illustrating the development model implemented by the company in close cooperation with local stakeholders. Renewstable power plants contribute greatly towards promoting responsible economic development in the region.
Invented and developed by HDF Energy, the multi-megawatt power plants produce entirely renewable, stable and controllable electricity 24 hr/d with zero greenhouse gas emissions. They combine intermittent renewable energies (solar or wind) with massive long-term storage of electricity in the form of hydrogen and short-term battery storage to provide clean, stable and continuous energy, day and night.
This agreement reinforces HDF Energy’s strategic presence in Asia, where the company formed a subsidiary in 2021, staffed by a local team, that has already made significant progress in power plant development with projects underway in Indonesia. HDF is continuing its expansion in the region by setting up operations in Cambodia and Vietnam.
Damien Havard, Chairman and CEO of HDF Energy, said: “We are immensely proud to be partnering with authorities in the Southern Philippines for the development of virtuous economic projects that today meet demand from the huge market for non-intermittent renewable energy. We are fully prepared to invest, develop and operate Renewstable power plants. This project, the result of meticulous local work by our developers, strengthens our pipeline in Asia, where other major infrastructure projects are currently under development, as well as our global leadership in hydrogen power.”
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/25032022/hdf-energy-further-develops-its-renewstable-power-plants-in-asia/
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